Stated income loans make comeback as mortgage lenders seek clients

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Mortgage applicants who can’t provide tax returns or pay stubs to show their income are getting stated income loans again as companies such as Unity West Lending and Westport Mortgage chase customers they can no longer afford to ignore. Lenders say these aren’t the same products as the so-called “liar loans” that were pervasive before… [Read More]

Liar Loans Redux: They’re Back and Sneaking Into AAA Rated Bonds

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The pitch arrived with an iconic image of the American Dream: a neat house with a white picket fence. But behind that picture of a $2.95 million home in Manhattan Beach, California, were hints of something darker: liar loans, those toxic mortgages of the subprime era. Years after the great American housing bust, mortgages akin… [Read More]

Stated Income Loans Are Back

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Since 1992, Alpine Funding Corp has been providing innovative mortgage loans to help brokers and individuals realize their client’s goal of investing in real estate. As a direct lender and experienced professional, our vision is to help individuals and businesses fund their investment dreams in a way that traditional banks and other mortgage lenders simply… [Read More]

SBA Loan Requirements & Other Useful Commercial Loan Information

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There was a time when stated income loans actually served a purpose other than lining the pockets of the Wall St elite while our economy went down in flames.  In fact, stated income loans have actually existed for a very long time. You may not know this but before the Recession and before Wall Street… [Read More]

Are Stated Income Loans Re-Entering the Market?

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Stated income loans were huge contributors to the housing crisis, but they are making a very quiet reappearance in the housing market. Should the industry be concerned? As originally designed stated loans were rational vehicles for borrowers that have a lot of assets, income, are self-employed, and have a lot of corporate records and tax… [Read More]

“Stated” Income Commercial Real Estate Loans are Back—and Better

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Prior to ’08, when commercial lenders were ramping up their sales volumes to compete for big securitization dollars, borrowers could simply state their personal and property income in lieu of revealing inferior debt-service coverage ratios. Lenders became overly comfortable relying on stated income instead of verified data, and gradually even lowered borrower credit score requirements… [Read More]

Stated income loans make comeback as mortgage lenders seek clients

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Mortgage applicants who can’t provide tax returns or pay stubs to show their income are getting stated income loans again as companies such as Unity West Lending and Westport Mortgage chase customers they can no longer afford to ignore. Lenders say these aren’t the same products as the so-called “liar loans” that were pervasive before… [Read More]

Stated Income Loans – Mortgage Loans That Don’t Require any Income Docs

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For stated income loans 2015 has been a breakthrough year. What is perhaps the most significant factor with stated loans is the fact that they do not require a person to furnish any income documents whatsoever. This makes stated income loans ideal for self-employed individuals, or those borrowers that do not have a stable source… [Read More]

No Need to Furnish Tax Returns

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While most traditional mortgage loans require a borrower to furnish their income tax returns, stated income home loans do not have any such requirement. We can help you, visit us today.

Stated Income Loans in 2015 Required No Income Documents

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How Mortgage Loans Have Changed in 2015 Qualifying for a mortgage after 2008 became very restrictive, especially for people who do not have abundant or stable income. People who show less income on their tax returns have not had the option to refinance or purchase real estate by getting a conventional loan from a lending… [Read More]