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Ch 13 and mortgage approvals

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Frequent Contributor

Re: Ch 13 and mortgage approvals


@D13 wrote:

If not; then how do they come up with the 603? I assumed that the three were indepedent of one another, therefore arriving at an unbiased score.

 

Q. Why would they take the middle and not the higher or lower number of the other agencies? 


Old banking practice -- they throw out the high and the low. It IS how they do it.

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