Stated Income Loans, plus Alternative Documentation Loans for 2020

2021-03-29T20:05:33+02:00

Stated Income Loans, plus Alternative Documentation Loans for 2020 Aided by the passage through of the Frank-Dodd Act of 2010, reported income loans for owner-occupied properties are now actually unlawful. Loan providers must completely report a borrower’s capability to repay the mortgage either with earnings or assets. (Stated earnings loans continue to exist for genuine [...]