The borrower was qualifying for a home loan almost entirely on their credit history, and the no doc mortgage lender used that to decide whether to approve or reject. As you can guess, many of the failed mortgages from this era were no doc loans, also known as a stated income mortgage .
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and the Texas land commissioner failed to report the house and the loan in public disclosure documents required by the state. An online records search reveals that Bush and his wife, Amanda Bush, live.
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. could have faced loan restrictions in the past as the ability to obtain a loan was dependent on the age of the flat. Ms Sun said more people were also buying older flats after they received the.
placing home ownership out of reach for many young working class people. Sydney became the second least affordable city in the world, with house prices almost 13 times median income. The investment.
Texas and Washington, are participating in the settlement. The settlement does not include Angelo Mozilo, the former chairman and chief executive of Countrywide Financial Corporation or David Sambol,
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