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Posted by  Yoli/CA on 2/21/20 8:55pm
I brought this up as a matter of discussion only.
I wasn't trying to "dissect" or "investigate" anyone/anything nor would I interrogate the borrowers to "get the real skinny." In the recent past, we've discussed how we're seeing more and more ARMS and cash-outs. This particular file was only my most recent run-in with a <<possible>> example that <<may>> point to history repeating itself. Many of us old-timers worked through that -- remember business being very brisk, lots of loans being generated (sometimes haphazardly), early morning/late night signings, difficulties contacting lenders, etc? It has been, after all, 13 years since the start of the meltdown.
jmo
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