I am a white male. I recently bought a $57;000 house for a primary residence. My income is in the very high 5 figures and my credit rating is in the mid 700s. It took weeks and weeks to buy this little cheap house. The bastards made me produce an escrow statement for another house I own for some ridiculous reason.I could have gone to a car dealership and walked out with a $57,000 car in an hour. The point is that mortgage financing is so over regulated that there’s no way her rejection wasn’t legitimate.
I feel your pain! It took me 10 months and two attempts to get my home refinanced in 2016. I was looking over the paperwork yesterday and the number of letters and documents that I needed to provide is just unbelievable. The regulators have change the banking business so that no business sense is allowed.