Prodigy
Veteran Member
Registered: 11/15/05
Posts: 724
Loc: Riverside County, California
Most lenders have stopped taking CPA letters. There is a high amount of fraud that is/was going on so the more reputable lenders stopped accepting them.
Stated Income for that matter seems to be next on the chopping block...
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Adam Clarke Commercial and Residential Lending Specialist access commercial finance Direct: (951) 318-1162 Small Business Success
Prodigy
Veteran Member
Registered: 11/15/05
Posts: 724
Loc: Riverside County, California
Awesome! LOL! Anybody remember what happened to that website that made fun of the mortgage industry. They had pictures of like cardboard boxes and the slogan, "Fixer Upper" and something like 95% LTV. I can't remember the site's URL.
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Adam Clarke Commercial and Residential Lending Specialist access commercial finance Direct: (951) 318-1162 Small Business Success
I love stated income loans for qualified individuals. It's a lot less paperwork and hassle for borrowers. Now if we can just get people to stop abusing the system the program would continue to be available.
This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
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