Stated Income Mortgages To Offset Mortgage Declines http://www.housingwire.com/articles/31042-stated-income-loans-to-offset-mortgage-declines … Continue reading
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People should not be surprised when they apply for stated income commercial loans, or any type of loan for that matter, and they fill out a Uniform Residential Loan Application (1003) it takes them long to get approved because they … Continue reading
In years gone by, stated income loans were often referred to as “liar loans” because people would look to purchase a home and would simply state what they earned, regardless if it were true or not. When it comes to … Continue reading
As popular as hard money investors have gotten over the past few years, the number one way to obtain a property is still through lender financing. Yes – the number of investment loan programs and products was greatly reduced immediately … Continue reading
Reuters: Stated Income Loans Re-emerge In Mortgage Market http://reversemortgagedaily.com/ Mon, 18 Aug 2014 13:17:31 -0700 An increase in stated income loans is being seen in the mortgage space as lenders seek new ways to attract clients, Reuters reports. The loans, … Continue reading
Sketchy Housing Bubble-Era Mortgages Are Making A … http://www.businessinsider.com/moneygame Wed, 13 Aug 2014 22:08:36 -0700 (Reuters) – Mortgage applicants who can’t provide tax returns or pay stubs to show their income are getting stated income loans again as companies such … Continue reading