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Tightening home mortgage rules hitting self-employed hardest
Original post made
on May 14, 2008
In a blow to hundreds—probably thousands—of breadwinners in Pleasanton who successfully operate their own businesses, the housing credit crunch is causing lending institutions to significantly curb issuing home mortgages to those who try to qualify by using "stated incomes" without business-provided W-2 Internal Revenue Service forms to document their income.
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posted Wednesday, May 14, 2008, 11:30 AM