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just in kase
474 Posts |
 Posted - 09/07/2008 : 10:42:49 AM
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i was just looking at a wholesale companies matrix, one of the guideliens was to open a savings account or CD acount with investor with a total of 6 months PITI. crazy.
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nowbroker
1364 Posts |
Posted - 09/07/2008 : 11:26:08 AM
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Just like the old days, and still common when a borrower wants a loan on a commercial business.
The "Golden Rule" still applies. |
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toddblue
2397 Posts |
Posted - 09/07/2008 : 11:37:44 AM
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quote:
Originally posted by just in kase
i was just looking at a wholesale companies matrix, one of the guideliens was to open a savings account or CD acount with investor with a total of 6 months PITI. crazy.
Who was the lender and was it an investment property? Was the borrower strong? I've got a feeling we're going to see more of this in the future. |
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