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Lie To Me, I Promise, I’ll believe.

Written on February 27, 2008 by chris in rants

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 Responses to Lie To Me, I Promise, I’ll believe.

Rhonda Porter
March 1, 2008 | 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
March 1, 2008 | 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…