Broker Outpost Mortgage Forums
Home | Recent Discussions | Register | Login | Mortgage Broker Directory | Mortgage Reference Library
 All Forums
 Mortgage Brokers
 Mortgage Brokers
 Search for: Stated Confumbo , Mass.
Author Previous Topic  |  Next Topic  
the_mortgage_guy

1194 Posts

Posted - 05/23/2008 :  10:21:12 AM
Mass, SFR, Owner, Barnstable County

S/E 20 years, tons of assets, hasn't files as in middle of dicorce which is why going stated.


1) 450k R/t at 70%
2) C/out to 75% 487k

Any help would be appreciated.
the_mortgage_guy

1194 Posts

Posted - 05/23/2008 :  10:21:48 AM
782 fico - duh
the_mortgage_guy

1194 Posts

Posted - 05/23/2008 :  10:45:25 AM
selfish bump
lucky1s

3618 Posts

Posted - 05/23/2008 :  11:48:28 AM
You cant go stated on a confumbo but I have heard recently that if you run it LP you can get an income waiver.
sfentress2

246 Posts

Posted - 05/23/2008 :  11:50:25 AM
try Icon Residential Capital www.iconrescap.com I am not sure if they do your state but they have your product
williamspeaking

4058 Posts

Posted - 05/23/2008 :  12:31:04 PM
quote:
Originally posted by lucky1s

You cant go stated on a confumbo but I have heard recently that if you run it LP you can get an income waiver.



I think it's manual UW for both FNMA and FHLMC
lukyk22

1700 Posts

Posted - 05/23/2008 :  12:40:12 PM
it is a manual for both, you pull an a/i for loan amount and then its a manual for all other purposes.
the_mortgage_guy

1194 Posts

Posted - 05/26/2008 :  12:50:04 PM
quote:
Originally posted by lucky1s

You cant go stated on a confumbo but I have heard recently that if you run it LP you can get an income waiver.



Really, then it's worth a shot. I'll keep ya posted.
the_mortgage_guy

1194 Posts

Posted - 05/27/2008 :  09:44:08 AM
CWBC and CITI show pricing for it - although Citis was best at liek 7.8% on a 30 IO - not bad considering CWBC was 8.6 at par.
  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
Privacy Policy | Terms and Conditions
This page was generated in 0.64 seconds.
Mortgage Brokers | Mortgage Newsletter | | Sponsors | Advertising Info | Reference | Snitz Forums 2000