I assume you think this is a logical decision Saden. I give up. It's not like it matters really, not to mention that it's illegal. That doesn't matter either. If you can't pick where you're going to go you might as well enjoy the ride.
Seriously, I work for a bank and we lend all day long. We have so many good loans that our underwritting department is backed up for about a month. We're understaffed and no one is in any danger of losing their jobs. I had to turn down a million dollar loan today for a condo in New York City. It wasn't good enough.
It isn't our fault that too many backs thought that SISA 3/1 ARM IO Non-owner vacation property with piggy backs were good loans to make to any Tom, Dick, and Harry that came off the street.
But hey, life is short and this is only business. So f it. I'm waiting for this guy to start running the Fed or Treasury.