This article in the Star Tribune is a bit late. Who cares if the clampdown on lending is going to shut out homebuyers NOW? Where was the media on this BEFORE the stupid predatory lending bill passed the house and senate and got signed into law by our Governor?
Nice try at looking like you give a shit, Strib writers.
BTW, just in case anyone is wondering, I've had two stated-income loans in the past, and I wouldn't be where I am today if I hadn't been able to get those. It's a shame that this option will no longer be available to people with non-traditional income sources.