Wednesday, July 27, 2005

I can't believe this

I know that getting a mortgage is a heck of a lot easier now than it was when I was in the home buying market. While it is very risky, I can understand the mortgagors accepting lower credit scores, allowing more of a home's value to be borrowed against and even interest-only mortgages. But, not verifying a borrower's income or assets? It boggles my mind. Yet, Chase Home Finance is doing just that for its 'customers with the very highest credit rating'.

No comments: