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kmanc41
66 Posts |
 Posted - 02/21/2008 : 11:00:22 AM
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I have a borrower with a 687 fico 1 or 2 x30 but not on mortgage.
NY prop
Full doc
cashout
single family
self employed
purpose of loan is home improvement
80% ltv
$400k loan amount
would love I/O but will take anything at this point
little or no reserves (except cashout)
HELP no one wants this loan!!! |
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williamspeaking
4058 Posts |
Posted - 02/21/2008 : 11:03:15 AM
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| have you run it through DU yet? |
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kmanc41
66 Posts |
Posted - 02/21/2008 : 11:06:40 AM
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| DU is giving me an EA 2 and EA 3. Most likely due to the reserves but also it states the self employment and loan purpose. The borrower is a contractor and the loan purpose is home improvement. In addition, it says the credit profile, he had some 1x 30s within the last 6 months. LP??? |
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clearwaterny
347 Posts |
Posted - 02/21/2008 : 11:26:48 AM
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| Have you tried FHA? |
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kmanc41
66 Posts |
Posted - 02/21/2008 : 11:34:24 AM
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| in the process of getting our mini eagle but time is of the essence. |
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Steve@Chase
19 Posts |
Posted - 02/21/2008 : 12:18:20 PM
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| Send me an email @ steven.j.gagnon@chase.com or contact your Chase subprime A/E. |
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mobb2
37 Posts |
Posted - 02/21/2008 : 12:27:44 PM
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| try wells fargo, run full doc and may comback with income/asset waiver |
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