Let’s think about this. You can get a new job–one day–at McDonalds, and it’s MORE VALUABLE than being self employed for four years, eleven months???
This, kids, was sent TODAY. TODAY. Not 11/2006 when the chaos started, but TODAY.
This is BACKWARDS. You got a job? State your income.
You self employed: Ah, we want you to do it 5 years.
What lunatics are buying this paper right now? How the hell is ING securitizing it?
Moving forward…as ever.
{ 2 comments… read them below or add one }
Rhonda Porter 03.01.08 at 10:44 am
I’m surprised! I’ve never worked with Ing, however I always pictured them being more conservative…guess I’m wrong!
chris 03.01.08 at 10:50 am
Rhonda Porter »
To be fair, their LTVs ar capped around 80% in most markets, and they are a big “10/1″ arm lender. Apparently their turntimes are slow.
This ad though–has what stated is backwards. That’s the point; a SE/person needs 5 years…