Does 'But he said he thought the Ledfords understood they could qualify only if he put down a stated income, typically an undocumented business income that raises the borrower's interest rate. ' stand independently of the premise 'He believed they could only qualify with a stated income.', neither following nor contradicting it?
But he said he thought the Ledfords understood they could qualify only if he put down a stated income, typically an undocumented business income that raises the borrower's interest rate. ###He believed they could only qualify with a stated income.