Have you tried to get a mortgage lately...........?

Barry Ritholtz has, and found the experience unsettling:

"The solution is obvious: Go back to verifying income, checking credit scores and requiring a down payment. What lenders do now goes beyond absurd. They don't need to see every check written during the past 24 months. An explanation isn't required for every $2,000 deposit into a family checking account. Three years of both personal and professional tax returns seems excessive. Yet that and more is what banks are demanding."

Full post is here.