Posts Tagged "2008"

Jeffrey Scharf: Everybody's Business: Who or what caused 2008 crash goes

on Mar 4, 2016 in Stated Income Loans | Comments Off on Jeffrey Scharf: Everybody's Business: Who or what caused 2008 crash goes

Jeffrey Scharf: Everybody's Business: Who or what caused 2008 crash goes … Since originators did not hold onto the loans, they no longer needed capital. Nor did they care … Traditional 20 percent down payments and income verification were abandoned to expand the pool of borrowers and maximize loan origination fees … For more informaiton please visit here… A primer on taking out a personal loan to buy a time share "There is no direct lending market for time-share buyers," ARDA said in a letter to the Consumer Financial Protection Bureau (CFPB) in 2012 when the bureau was drafting new mortgage-lending rules. Lenders won't mortgage a time … Personal loans can be … More informaiton please visit here… Jeffrey Scharf: Everybody's Business: Who or what caused 2008 crash goes...

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Can I refinance a 30 year fixed FHA loan that was issued in July 2008?

on Dec 27, 2012 in Unique Loan Programs | 3 comments

Question by Kelsi M: Can I refinance a 30 year fixed FHA loan that was issued in July 2008? I purchased a home in July 2008 using a 30 year fixed FHA loan and the Nimia program. My rate is 6.7% and I’m wondering if it can be refinaced so I have a lower interest rate. Any information would be helpful. Best answer: Answer by Steve DOf course you can, as long as you have equity in the house. Contact a mortgage broker and have him/her start shopping around for better rates., Or do it yourself through bankrate or lending tree. What do you think? Answer below! Can I refinance a 30 year fixed FHA loan that was issued in July...

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