Alternative documentation loans are making a comeback through non-traditional lenders. These are the lenders that keep the loans they fund on their books rather than selling them on the secondary market. These lenders can make up their own requirements and not have to deal with the Qualified Mortgage guidelines. They still have to pay attention […]
Are the Interest Rates on Stated Asset Loans Through the Roof?
It’s a common misconception to think that the interest rates on stated asset loans are unaffordable. This came about even before the housing crisis. Any lender that was willing to stick their neck out for a “risky” loan was known to charge high interest rates. Then the housing crisis occurred and the regulations were […]