Re:Today I asked a bank for a conventional mortgage and they...
by refurb on Tuesday April 12, 2022 @09:41PM
(#31010317)
Claim B is not being "too strict" it's being "strict", which is logically the solution to Claim A "too loose with lending standards".
Re:Today I asked a bank for a conventional mortgage and they...
by Dylan16807 on Tuesday April 12, 2022 @10:15PM
(#31010528)
> Claim B is not being "too strict" it's being "strict"
It's a spectrum, so it doesn't matter what a particular level is called. Claim A wants a reduction in one type of strictness, Claim B wants an increase in a different type.
> which is logically the solution to Claim A "too loose with lending standards".
The idea, for someone making both claims, is that they are being strict about the wrong things.
Being strict about income source is NOT a solution to being loose about income amount.
The mortgage crisis wasn't caused by giving too many loans to high-income contractors.
Claim A is that they're being too strict about type of income. Claim B was that they were being too loose about amount of income. It's rational to believe both claims at the same time.