Real estate blog entries tagged with quick qualifier by Rob Spinosa, Mortgage Loan Originator, Marin County (US Bank)

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quick qualifier: Stated Income: The Band That Is NOT Getting Back Together - 08/20/17 07:49 AM

Stated Income: The Band That Is NOT Getting Back Together

Not a week goes by that I don't get asked in some fashion, explicitly or implicitly, if stated income loans are coming back. And at the risk of making this a record-short blog post (for me, anyway), let me cut right to the Blues-Brotheresque-police-car-smash-'em-up chase and tell you, "No, stated income loans are not coming back!" At least not in any conventional mortgage sense. Here's why.

The not-so-new sheriffs in town are Chris Dodd and Barney Fife. Er, I mean Barney Frank. The law of the land is now the Dodd-Frank Wall Street … (2 comments)

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