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Originally Posted by rhadin
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Then the CU compounded the agony. I am self-employed and my wife works for me (gets a regular paycheck and is given a W-2 at the end of the year). So I had to produce tax returns. No problem. But the brilliant loan officers (there were 3 we spoke with) said (1) they can't count my wife's income because I pay it and (2) even though they won't count it as her income, they won't add it back in to my income because my tax return says I paid it out. So I asked what they think happened to all that money? They had no idea but it clearly -- to them -- wasn't part of my income or my wife's income.
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Brilliant, I think I just figured out what caused the housing crisis..