Dodos and Edsels

No Doc and No Ratio mortgages are becoming harder and harder to come by. Chase has eliminated both of these documentation types. These loans do not perform. That means these loans were being used to put borrowers into homes with payments they could not and do not pay. Banks don't like to loan money to people who don't pay their payments, so these mortgages are gone. No Income Verification and Stated Income / Stated Asset Alt A mortgages still exist.