Alavallee10
89 Posts |
 Posted - 07/30/2008 : 08:10:04 AM
|
I have a DU approval, however Flagstar denied this loan because said they don't have an MI company that will insure this. Vertice would do this loan but said that even though it isn't in a declining market recognized by FNMA, it imposes a 5% LTV reduction to 85%.
Taylor, Bean & Whitaker, CITI, GB Mortgage, Franklin American cap this loan at 85% LTV for guideline purposes and won't budge with and LTV exception even though I confirmed that PMI will insure this loan.
Fico: 774
Full Doc
N/O/O
State: CT
Zip: 06790
Loan Amount: 162,000
Appraisal: 180,000
client has reserves
DTI: 39%
|
|
Search for: 
