Broker Outpost Mortgage Forums
Home | Recent Discussions | Register | Login | Mortgage Broker Directory | Mortgage Reference Library
 All Forums
 Mortgage Brokers
 Mortgage Brokers
 Search for: Stated 2nd's = Ghost town.
Author Previous Topic  |  Next Topic  
the_mortgage_guy

711 Posts

Posted - 01/02/2008 :  3:59:12 PM
I need one to 80% ... in Massachusetts .... tumbleweeds
Captain Mortgage

1262 Posts

Posted - 01/02/2008 :  4:13:51 PM
*cricket*.......................I thought that all stated in MA is gone regardless of being a 1st or 2nd
the_mortgage_guy

711 Posts

Posted - 01/02/2008 :  4:32:31 PM
some can still so - I thought it depended on whether teh bank was federally chartered but apparently it doesn't. The ones that do - Wells, CWBC and WAMU - have to sign a form, per the great Commonwealth of Massachusetts. The clien that is - signs a form stating they know they are stating x amount and that is what they really make.
syester

64 Posts

Posted - 01/03/2008 :  09:06:24 AM
eloan is still doing them. Be prepared for some frustration but we just closed two in California. Both in a declining market. www.elonwholesale.com
swmsn

4181 Posts

Posted - 01/04/2008 :  12:14:19 AM
Us bank and eloan as well right?
You can also try an Unsecured loan as well. The above guys should be your first choice.
sc312001

918 Posts

Posted - 01/04/2008 :  06:42:05 AM
Depends on the loan amount & score, but I have done a few up to 90 LTV through my local Wachovia branch. Obviously I cannot get paid, but it can complete a piggyback if you're doing the 1st.
the_mortgage_guy

711 Posts

Posted - 01/04/2008 :  07:05:33 AM
Great - thanks for the info
  Previous Topic  |  Next Topic  
Recent Loan Officer Chat © Copyright 2006,2007 - Broker Outpost LLC. All Rights Reserved. Subscribe to the Forum Topics via RSS Go To Top Of Page
This page was generated in 0.41 seconds.
Mortgage Brokers | Mortgage Newsletter | | Sponsors | Advertising Info | Reference | Snitz Forums 2000