How To Buy A Home With Chase

From the Oregonian:A newly surfaced memo from banking giant JPMorgan Chase provides a rare glimpse into the mentality that fueled the mortgage crisis.The memo’s title says it all: “Zippy Cheats & Tricks.”It is a primer on how to get risky mortgage loans approved by Zippy, Chase’s in-house automated loan underwriting system. The secret to approval? Inflate the borrowers’ income or otherwise falsify their loan application.T…
Original Source

  27 March, 2008| housingblogs | @ 23:20

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