For those of you who this effects, this may be some useful information. Per Seth, for our entertainment crowd, “many people in entertainment have significant assets but take a lot of income tax deductions, so they cannot document their income; loans with no income documentation have been effected the most dramatically by market changes.”
Feel free to reach out to Seth at [email protected] for comments or questions.
Click here for the audio of Seth’s interview yesterday with NPR’s Marketplace with Kai Ryssdal (Real Audio) (or click here for Windows Media player)