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.
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.