Originally Posted by PBDS
...ha ha ha You don't even know. I never put in assets on a refi unless I needed them to get an approval. I loved fast and easy or the findings that ask for a verbal VOE and no income docs.
exactly. the automated underwriting let you throw endless amounts of hypothetical scenarios until one of them broke through. it's weird though cause we always looked at Fannie/Freddie as absolute safe and guaranteed.
these 2 organizations that were established by the government and then got out of hand once privatized. yet everyone's saying to keep government regulation out of everyone's business...