credit history: Sub Prime Lending for Less Than Perfect Credit Borrower
- 01/12/07 09:52 AM
The sub prime market place is continuing to tighten its lending guild-lines/requirements (whether published or not). In one particular case, Accredited Home Lenders recently denied a loan that met underwriting guild-lines but corp. underwriting and management stated "they did not like the loan". I have had a great relationship with the AE and the UW department for the last 3 years. When this particular AE tells me he can do the loan and it met the guild-lines for the specific program, he has delivered in all cases. In This particular case the borrower had a 619 mid credit score on a program … (2 comments)
The sub prime market place is continuing to tighten its lending guild-lines/requirements (whether published or not). In one particular case, Accredited Home Lenders recently denied a loan that met underwriting guild-lines but corp. underwriting and management stated "they did not like the loan".
;)
;)
;)
