Looks like some debate on this. I know the "liar loans" were full of inflated qualifications and no down payments, but 40% down and money in the bank seems one way to offset the old concerns. I'd also never heard that those crisis era loans were to borrowers with great FICO scores. 700 is not a low bar. Rates don't seem great but I'm not on the mortgage loan side.

Good, bad or ugly?
http://www.cnbc.com/2016/06/07/bank-requires-few-loan-documents-seems-like-housing-deja-vu.html

And when lenders start playing the "my Lite Doc is Lighter than Yours," lenders can be on their way down that slippery slope to "anything goes" all over again.