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LUCKYBMAC
87 Posts |
 Posted - 05/14/2008 : 1:32:07 PM
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Hello, hope all is well. I got some files in my pipeline that I think some people out there might be able to do. I'll give you each scenario and if you could, respond to me with a quick quote on 30 year fixed rates to my email listed below. Which ever ones you can do I will send you over the whole package, as these are all completed already.
Loan Scenario #1
$463,250 - Full Doc - 85 LTV - Refi (r/t)
596 fico (bor) ---- 647 (cobor) ficos
0x30 - Single/Owner Occ/Yonkers-NY 10703
Loan Scenario #2
$411,000 - Full Doc - 80 ltv - Refi(r/t)
523 fico -- 3 lates in past 24 months (3/2007, 1/2008, 2/2008) -- is current right now
Single - Owner Occ - Middletown NJ 07748
Thanks,
Brendan McCaffrey
Senior Loan Specialist / Trainer
TAT MUTUAL CAPITAL CORP
208 Glen Cove Road
Old Westbury, NY 11568
phone: 516-504-9459
cell: 516-581-9336
fax: 516-501-9460
email: mutualcapitalcorp@yahoo.com
website: http://www.brendanmucap.com |
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thumpertherott
54 Posts |
Posted - 05/14/2008 : 2:21:32 PM
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| those are not real loans anymore. trash the files and be honest with your borrowers and tell them they are sh1t out of luck! |
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LUCKYBMAC
87 Posts |
Posted - 05/14/2008 : 2:26:52 PM
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| You really think so? I thought these deals full doc would qualify for FHA loans. The problem is I need an FHA bank that will allow VOE or job letters. |
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infinitelendingi
104 Posts |
Posted - 05/14/2008 : 2:29:13 PM
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the second is a no rescue.
but the first take it to FHA
DEPENDING ON DTI and reserve
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bramous
972 Posts |
Posted - 05/14/2008 : 2:29:45 PM
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| ah..yes, FHA, the new subprime. Dude...time to punt. |
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omarglz
119 Posts |
Posted - 05/14/2008 : 3:46:18 PM
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| FHA doesn't do VOE's and letters only. You need tax returns, w2's, paystubs... some REAL source of income. FHA is good to have these days, but they're not subprime. |
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