lol @ Tammy D Lish

I love this.

Chase SUCKS! Worst Godforsaken money McDonalds I have EVER dealt with.

Zippy? Like the pinhead?

Does it mean self-employed people must be at least 2 years old?

Wait.... how did you get the Oregonian to go along with this?

Pretty sure this one's fo' real. And awesome.

And they wonder why the mortgage industry is in a nose dive... and yet banks like this want help.... for a mess they helped to create!

Tammy.D.lish? Mortgage Banker by day, Karaoke singing Drag Queen by night?

wait, I'm totally confused.

Unless you hacked the oregonian, this is scarier than I thought.

@MercuryPDX: Dude, the Oregonian article isn't even from today. I think this is a horrible case of an April Fool's joke that isn't a joke.

I think we're getting our chains yanked. If not, kudos for at least requiring no BK's, foreclosures (EVER!!) and a reasonable FICO.

As a (now unemployed- thanks in part to crap like this) Account Executive (bank rep that encouraged mortgage brokers to send their loans to my bank), I can say that this doesn't surprise me in the least.

I KNEW other account execs where telling brokers to do this, as we constantly got loans like this. Brokers would tell me they were doing this, and get really confused when I told them that I couldn't accept the loan. They would freely volunteer that they were...

1. Inflating income figures
2. Misrepresenting sources of income and assets
3. Not even asking the borrower for income (making it up themselves for whatever the loan needed to work)

Obviously, if they hadn't been trained that this was acceptable, they wouldn't be telling me offhand that they were doing it.

I didn't work for Chase, and as I mentioned, we didn't accept loans where we knew this was happening, but when the industry is trained that this is ok, you get these loans whether you want them or not.

I think this is legit. We got a "stated income" mortgage from Chase a few months ago and the statement re self-employment exactly matches what the broker told me was required.

As a former account executive (same job as Ms. "D Lish"), I can say that I've seen similar documents and "suggestions" given out.

I had to constantly coach against practices like this, as the bank I work for would terminate relationships if they found this happening, yet the brokers would be coached that this was "how you submit loans" by other AE's.

The Oregonian article is from 3/27...so...a bit early for April Fool's...I think this one's real!

tammy.d.lish that's got to be fake

This is not fake. Why does everyone assume that every single article posted today is fake simply because it's April 1st? The fake articles stand out like a sore thumb. This holiday makes me fear for the future of humanity.

her full name is T.ammy del.icio.us

Boing boing posted this last week, it is not a fake

Yeah, it cites Dean DeBuck as spokesman for comptroller of the currency. And he really is.

So at least one goofy name checks out.

Dean DeBuck? As in Buck Naked, the pr0n star?

If you guys are still having any doubt, a friend of mine just checked the Chase Corporate Address Book, and Tammy D. Lish IS in there!

I also just called the number. Tammy sounds nice enough, but perhaps not quite d.lish

Keep in mind Chase's "Zippy" is just the preliminary step in their process - loans still go to a live underwriter for approval or denial and anything "iffy" would get flagged. I think this is an important piece of the story that hasn't been reported.

I always thought getting an iffy loan approved involved kneepads.

@RandomHookup: That's disgusting. Clean up your act, mister.

@ChadSteelgate: Nice star Chad. I bet you borrowed RandomHookup's kneepads to get it so fast.