Lastest Stated Income Mortgage Loans News

Posted on Nov 26, 2014 in Stated Income Loans


Applications for leave to appeal dismissed – 20 November 2014
… accountant who also operated a private lending business for several years. In 2006, physician he made a loan of $ 125,000 to Mr. and Mrs. Rajmohan (the “mortgagors”), secured by second and third mortgages on their home. … On December 19, 2005, the …
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Bureaucratic Hoops Make DC Affordable Housing Units Hard To Sell
The first trick, says National Low Income Housing Coalition President Sheila Crowley, is proving your income is low enough to qualify for affordable housing yet high enough to get a mortgage. In D.C., you must make below 80 percent of the area median …
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Wall Street Criminals Walk Free After Inflicting Enormous Damage on American
When Fleischmann and her team reviewed random samples of the loans, they found that around 40 percent of them were based on overstated incomes. For instance, there was a manicurist who stated her income as $ 117,000. There was no way on God's …
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