Quote:
Originally Posted by lendaddy
Try not to rear much into this, just trying to see how far the system has regressed.
Anyway, used to be that you could have a wealthy friend park 5 figures in your account a few months prior to a loan request and it set you on easy street come approval time.
We back to that too? Oh and hold my beer while I apply for this stated income loan (it's my third)
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Banks have to comply with anti money-laundering legislation and therefore ask to see a history and origin of funds. The credit crisis has something to do with it but it is largely due to terrorism financing.