Agreed, I am not sure what the original person, that posted this, was trying to accomplish? I would think he is trying to refute the repurchase letter issued by FNMA to either his company or the investor he sold or closed the loan with who was in receipt of the repurchase letter. It doesn't seem that the can refute this request because they income was actually inflated and a third party source was used to verify. Would actually need to know whent he loan actual closed to see if the borrower was actually still employed at the time of origination. The issue regarding the income was that this loan probable was a stated loan and FNMA conducted a reasonable test as well as being in receipt of a the borrower's actual income which is a misrep of income and a breach of the reps and warrants. Just because the loan went into default to make it an automatic repurchase, the misrep of income is the reason for the repurchase.