A ‘Hero’ Worshipper Hopes for Emulation
Having just read Dick Turpin’s “The ‘Villain Becomes Hero” (April 20) I would like to say “hurrah” for GMAC Mortgage Corp. and its investors.
It is encouraging to read that in a universe (mortgage lenders) that practices the art of underwriting mortgage loans as if it were a science, there finally is someone who has put the subjective to work.
I only hope that more lenders’ underwriting departments will look beyond the here and now (e.g. temporary non-working spouses) to the overall picture so that more buyers can qualify for loans.
STANLEY L. FALKENSTEIN
Sherman Oaks
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