[right-wing agnostic]

It's a bitch when our overlords have to live by the same rules as "We the People" do./sarcasm /rwa

[Steely Tom]

I’ll wait to hear just a little more of the backstory on this one.

Like for example, what is the amount he is trying to “refinance.”

[silverleaf]

maybe when the bank asked how he planned to repay the loan, he said that he’d print some money

[Cowboy Bob]

The guy makes millions of dollars per year. Why can’t he just pay cash for the house????

[Vendome]

Nope.

A good many friends who are virtually debt free and pay their bills on time can’t get a loan or refinance.

The interest rate they are looking for is very low.

Contrast that the Sub Prime market where being late for bills isn’t an issue.

The banks and financing companies want sub prime. Way higher interest rates and they factor in the risk but, the gamble seems to paying off.

[T-Bird45]

Yeah, because having to prove you didn’t get your down payment from selling crack on the street corner is a true PITA.

[woofie]

“It’s entirely possible” that lenders “may have gone a little bit too far on mortgage credit conditions,”

ya think?

[Ann Archy]

Why the hell does he have a MORTGAGE??? He’s a multi-multi millionaire.....not very smart to have a mortgage...what a doofus.