Back end ratio? BWAHAHAHAHA...with credit card debt and student loans, 70% was the norm. Doesn't leave much for food and other living expenses.
Another sequester/furlough will push them over the ledge.
Mortgage lenders have NOT cleaned up their act. I've seen mods done for self-employed borrowers that used gross sales for their gross income.
>>Mortgage lenders have NOT cleaned up their act
What’s their incentive to change?
Where’s LEO?