Housing Blogs

Which, as Dave Barry always says, would be a great name for a band.CR posted this shocker yesterday, a memo with a Chase logo attached (which doesn’t mean much in these copy & paste days), sent via e-mail to mortgage brokers in what appears to be a “package” of “training documents,” that provides tips on how to “cheat” and “trick” Zippy, Chase’s AUS (automated underwriting system), into approving loans it would not normally approve. (Or, possibly, allowing loans to be documented or priced in a way they would not have been had the loan been submitted properly. It’s hard to say exactly.)…
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