“Well to me this is tragic…. Most consumers have an average score of 675, which where does it put them…alt a for now…
Some markets are impossible to do full doc… We work in a highly immigrant area, where you literally need to go stated or no doc or no ratio based on the way their employers pay them…
Oh well, in this case I am screwed…. Its not that I don’t have clients, I do, but without alt-a, I truly will not be able to close loans. It is 98 percent of my offices business”
based on the way their emplyers are paying them, they really have no business buying a house!
