It's no secret these days that the Laws of Nature are being applied to our lending process. Only the strong survive, and survival is in the form of high FICO scores, cash reserves, stable employment and verifiable income. Obtaining three out of four may get you into the Baseball Hall of Fame, it's just not likely to get you a home loan. The words that once defined high finance and increased the rates of home ownership (at least temporarily) have been removed from the dictionary. Terms such … [Read more...]