The guidelines set five values for sound residential mortgage underwriting:
In response to the challenge to approve income grades for BFS clients who do not have customary earnings confirmation documents, for the last two years, we have requested bank declarations as a means of doing so. That will not change. If a BFS client states he/she has earnings of $75,000 per annum, we would anticipate to see bank declarations that would propose the enterprise can pay the borrower $75,000 every year. We may furthermore need to glimpse individual bank statements, illustrating individual earnings at this grade.