Misconception, that all Fannie Mae originators/lenders have the same underwriting, they don't, they have the same initial guidelines to meet, they may also make additional requirements or have stricter underwriting for a product, that's because they are on the hook for the origination and they may not want the risk of a particular product.Wholesale mortgage bankers can also make additional requirements for originators, that is the bunch that the bank or broker sells the mortgage to on a one at a time basis, the loans may be adjusted to local or regional markets, a loan may have different terms or requirements in Cali as opposed to Mo.  

@Eric Black Thanks for correcting that BIG misconception on owning for five years.

I think there are many misconceptions here.

I actually think this is a good chance to remind everyone there's a lot of misconceptions about markets.  

Another point to a comment as to taking collateral as an upside to a loan by a lender, that is a misconception and has been discussed here, concerning the sale of collateral by a lender.

There are a few issues and misconceptions here. 

Basically, anyone who is bettering you financially can make a case that it is your responsibility to take care of their injuries, directly out of your pocket or through a work comp policy.A common misconception is that tax law and work comp law are interrelated, but they are independent of each other. 

The manager knew of these and said he could set me up with better earnings.Moral................They make bigger commisions selling low performers........high performers sell them selves.There are lots of mis conceptions about what rate of return is a good rate of return.

Here is an overview.SEC 8 MISCONCEPTIONS • SEC 8 tenants are all users who are cheating the system.

Misconceptions and myths keep competition almost non-existent.