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Special Report on

Stated income loan

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In a stated income loan the lender requires less documentation of the borrower's income to complete the application process and fund the loan. A stated income loan can offer benefits to the borrower and the lender. But there are pitfalls associated with a stated income loan as well. The following information ...
during the loan origination process. While there are no legal definitions in the United States for predatory lending, an audit report on predatory lending from the office of inspector general of the FDIC broadly defines predatory lending as "imposing unfair and abusive loan terms on borrowers." Though ...
Understanding Low Doc Home Loans
The Australian mortgage industry has matured considerably over the years and has started offering some of the best mortgage options to residential or commercial loan seekers. The old tag of the mortgage industry being too rigid and overall having a painful cumbersome loan process has been almost completely wiped ... market research, surveys and trends
New Private Lender Loan Programs for 2010
Many of my private lenders have already unleashed their loan programs for 2010.  Many of these loan programs have more favorable interest rates than some programs we’ve been seeing in 2009.  And with all types of real estate being offered at 35 to 55 percent of its value, hard money even turns out to be cheaper ... market research, surveys and trends
One of the most useless and overworked items in the real estate industry today is the pre-qualification for a loan. Sellers want buyers to be "pre-qualified", and buyers are seeking "pre-qualification" to convince buyers they are serious. The level of work done for a pre-qualification varies. ...


1. Stated income loans are associated with fraud, and started to ...
A stated income loan is a loan where the income that is put on a home loan .... attribute high home prices to low interest rates, low to zero percent down .... In 2004 $600 BILLION of consumers' spending power was from borrowing against ... industry trends, business articles and survey research
A brief history of the liar's loan (and a poll) - Mortgage Insider ...
It’s the simplest aspect of the crisis to understand and also the most troubling, because it’s not about complicated financial dealings and can’t be fixed with bailouts. It’s about an astounding breakdown of social norms. Gimein traces the history of the liar’s loan, which began as a ... industry trends, business articles and survey research
Read article from the Atlanta Business Chronicle - The Private ...
When it comes to getting financing for a house, it isn't always easy being rich. Wealthy individuals are often self-employed without any predictable revenue stream. Their wealth also may be tied up in investments and not readily accessible. Mark Dodson doesn't worry about whether his clients can afford ...
Stated Income (Liar Loans) Still Available for Some
July 28, 2010 ( – Not so long ago, during the height of the housing boom, roughly 40% of all new mortgages originated were stated income or low doc loans. Then came the financial crisis and the housing crash in 2007 during which time 39% of the sub prime mortgages, which included stated income and low doc loans, defaulted. With thousands and thousands of loans defaulting, lenders quickly discontinued their stated income mortgage programs indefinitely. That is until this year. It is fair to say that stated income (liar loans) loans are still available for some, but not for all. The stated income loan is a ... market trends, news research and surveys resources
5 New Barriers To Getting A Mortgage
Are you having trouble getting approved for a mortgage? Ever since the housing bubble burst, lenders have been subjecting mortgage and refinance applicants to stricter and stricter criteria. Here are five reasons why people are finding it more difficult to get approved these days. IN PICTURES: 5 Steps To Attaining A Mortgage Lender Paranoia Mortgage lenders naturally want to avoid their past mistakes, so it's not surprising that they would look more closely at applicants' financial situations. But changes in the secondary mortgage market have made them extra cautious. Greg Cook, a licensed California real estate broker ... market trends, news research and surveys resources


March 29, 2006 Public Information Room, Mail Stop 1-5 Office of ...
selecting a stated income loan, particularly for those borrowers who have a W-2 statement and can have their income verified rather easily. ... technology research, surveys study and trend statistics
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Oct 16, 2007 ... much or more for a stated income loan as for any other pricing feature, including high LTV or non-owner occupied status. ... technology research, surveys study and trend statistics
SHB 2770 Rulemaking Proposed Rule Language
(h) "Reduced documentation" or "stated income" loan means a loan for which the lender may charge more because the borrower does ...
Income Vs House Loan With Bad Credit
The assessment is based on five maincriteria: adequacy, efficiency, unit costs,systems and procedures of resource allocationand alternative funding sources. The findingsreveal that the universities are faced with anacute shortage of funds and that existingfinancial systems and procedures are controloriented rather ...
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What is stated value? | Smart QandA: Answers and facts you can ...
Share this credible answer with others. Simply paste this code into your blog or Web page: What is stated value? Stated value is the value of no par stock established by the corporation as ...
WikiAnswers - What are stated income loans
Among the information collected at the time one applies for a mortgage, one must disclose his annual earnings (usually for two years). The dollar amount is stated on the application and is proven by documents required by the lender. W2's, 1099's and pay stubs name a few and the forms requested varies by ...
Stated Income Home Loans | Ask MetaFilter
My wife and I are applying for a home loan. I recently started my own business while she has a normal job. Should we choose a "Stated Income" or a "No Income Verification" loan? Our loan broker suggests using a Stated Income loan by adding our two real incomes together and saying it is her wages. This seems ...