Getting a mortgage today can require a lot of documentation. Lenders are concerned about layoffs and furloughs that could affect the ability of their loans to be repaid. Fannie Mae and Freddie Mac have tightened their asset documentation requirements from 120 days to 60 days old. Employment is being verified more than once. Self-employed borrowers have to provide year-to-date profit & loss statements. Some clients have expressed their displeasure with these requirements, calling some of them ridiculous. I have to agree, however, loans today are not made for the benefit of the borrower, they are made for the benefit of the lender.