Broker Outpost Mortgage Forums
Home | Recent Discussions | Register | Login | Mortgage Broker Directory | Mortgage Reference Library
 All Forums
 Mortgage Brokers
 Mortgage Brokers
 Search for: Any no income loans left?.
Author Previous Topic  |  Next Topic  
pdm

306 Posts

Posted - 05/23/2008 :  10:52:33 AM
GA, 780 score 50 ltv, good assets, no proof of employment at all, any one ?
sfentress2

246 Posts

Posted - 05/23/2008 :  11:47:13 AM
Only place I know is Emmigrant but I am not sure they do business in GA
swtrnsassy1

59 Posts

Posted - 05/23/2008 :  11:50:51 AM
Doesn't flagstar still do NIV?
Andres814

460 Posts

Posted - 05/23/2008 :  1:15:09 PM
soverign does no docs..rates in the 9's...
pdm

306 Posts

Posted - 05/23/2008 :  1:32:13 PM
Thanks
sfentress2

246 Posts

Posted - 05/23/2008 :  1:38:25 PM
Andres you have a rep contact?
BranchOpportunit

3 Posts

Posted - 05/23/2008 :  1:59:25 PM
Try Emigrant at https://www.emigrantmortgage.com/ They should be able to do that loan with those attributes. The rate probably wont be pretty.

sfentress2

246 Posts

Posted - 05/23/2008 :  2:04:25 PM
If they can do GA you would be looking at 8.375 paying 1.5. They just backed out of MD so if anyone can help me find another NO DOC lender that would be great 43.14 LTV
godofmortgage

235 Posts

Posted - 05/23/2008 :  5:20:16 PM
do the assets pay an annuity that could be considered income?? pretty pertinent question to ask i think. you have other compensating factors that should be presented for a manual underwrite...most likely this is a retail loan.
  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 0.45 seconds.
Mortgage Brokers | Mortgage Newsletter | | Sponsors | Advertising Info | Reference | Snitz Forums 2000