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Stated Income Mortgages: what happened to them? | LendingTree – In the past, stated income mortgages were home loans where lenders did not verify or document income at all, and were called stated income loans because lenders used the income stated on a loan application to issue a loan. Stated income loans started to rise in popularity in the early 2000s.
Stated Income Loans Available in 2019 – For Some Borrowers – Don't call it a comeback. Ok, call it a comeback because stated income loans have returned in 2019. What kind of home buyer can use them?
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Top Stated Income Mortgage Lenders of 2019. After disappearing for many years, stated income loans have made a comeback. Today’s stated income programs differ from the risky loan products that existed before the subprime mortgage crisis.
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Stated Income Loans New York Manafort indicted in New York state, charges that fall outside Trump’s pardon power – President Trump’s former campaign chairman Paul Manafort was indicted Wednesday by a state grand jury in New York on charges of residential mortgage. false information to banks while seeking loans..
Mortgage Fraud Trends – Freddie Mac – Mortgage Fraud Trends . The following articles originally appeared in our monthly newsletter, and can help you understand current and emerging fraud trends, schemes and best practices.
No Doc Loan Lenders BofI: Risky Loans To Undisclosed, Off-Balance Sheet SPEs Found Disguised Within Mortgage Warehouse Portfolio – The article examines BOFI’s undisclosed relationship with Center Street Lending which specializes in highly suspect, single family "fix and flip" loans requiring "no doc", "no FICO", and "no income.