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HLS.
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February 22, 2010 at 7:38 PM #517674February 23, 2010 at 6:37 PM #517173
HLS
ParticipantReceived this today, I don’t know if these are F/F updates or just this lenders requirements..
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Update for self employed borrowers..When self-employed income is used to qualify, in addition to 2 years tax returns, verification of the existence of the business is now required in underwriting with one of the following:
Letter from the business’ CPA, regulatory agency or professional association
Business listing or yellow page ad for the business
Business license
Internet website printout (acceptable sources include Borrower’s business website, government, union or professional association website)
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Update on condos:
Attached condo projects with 5 or more units may not have more than 10% of the total units owned by a single entity. If the project has fewer than 10 units, a single entity may not own more than 1 unit.February 23, 2010 at 6:37 PM #517315ParticipantReceived this today, I don’t know if these are F/F updates or just this lenders requirements..
*****************************
Update for self employed borrowers..When self-employed income is used to qualify, in addition to 2 years tax returns, verification of the existence of the business is now required in underwriting with one of the following:
Letter from the business’ CPA, regulatory agency or professional association
Business listing or yellow page ad for the business
Business license
Internet website printout (acceptable sources include Borrower’s business website, government, union or professional association website)
***********************************
Update on condos:
Attached condo projects with 5 or more units may not have more than 10% of the total units owned by a single entity. If the project has fewer than 10 units, a single entity may not own more than 1 unit.February 23, 2010 at 6:37 PM #517749ParticipantReceived this today, I don’t know if these are F/F updates or just this lenders requirements..
*****************************
Update for self employed borrowers..When self-employed income is used to qualify, in addition to 2 years tax returns, verification of the existence of the business is now required in underwriting with one of the following:
Letter from the business’ CPA, regulatory agency or professional association
Business listing or yellow page ad for the business
Business license
Internet website printout (acceptable sources include Borrower’s business website, government, union or professional association website)
***********************************
Update on condos:
Attached condo projects with 5 or more units may not have more than 10% of the total units owned by a single entity. If the project has fewer than 10 units, a single entity may not own more than 1 unit.February 23, 2010 at 6:37 PM #517842ParticipantReceived this today, I don’t know if these are F/F updates or just this lenders requirements..
*****************************
Update for self employed borrowers..When self-employed income is used to qualify, in addition to 2 years tax returns, verification of the existence of the business is now required in underwriting with one of the following:
Letter from the business’ CPA, regulatory agency or professional association
Business listing or yellow page ad for the business
Business license
Internet website printout (acceptable sources include Borrower’s business website, government, union or professional association website)
***********************************
Update on condos:
Attached condo projects with 5 or more units may not have more than 10% of the total units owned by a single entity. If the project has fewer than 10 units, a single entity may not own more than 1 unit.February 23, 2010 at 6:37 PM #518095ParticipantReceived this today, I don’t know if these are F/F updates or just this lenders requirements..
*****************************
Update for self employed borrowers..When self-employed income is used to qualify, in addition to 2 years tax returns, verification of the existence of the business is now required in underwriting with one of the following:
Letter from the business’ CPA, regulatory agency or professional association
Business listing or yellow page ad for the business
Business license
Internet website printout (acceptable sources include Borrower’s business website, government, union or professional association website)
***********************************
Update on condos:
Attached condo projects with 5 or more units may not have more than 10% of the total units owned by a single entity. If the project has fewer than 10 units, a single entity may not own more than 1 unit.February 23, 2010 at 8:52 PM #517218macromaniac
ParticipantQuestion? When all the signs are pointing to an inevitable double dip recession and another big drop in housing prices with a double whammy with much higher interest rates, why buy now?
We have not even seen the worst of it yet…not even close.
Everything is when and not if…there is no way out of this mathematically without a huge drop in prices and a reset.
February 23, 2010 at 8:52 PM #517360ParticipantQuestion? When all the signs are pointing to an inevitable double dip recession and another big drop in housing prices with a double whammy with much higher interest rates, why buy now?
We have not even seen the worst of it yet…not even close.
Everything is when and not if…there is no way out of this mathematically without a huge drop in prices and a reset.
February 23, 2010 at 8:52 PM #517795ParticipantQuestion? When all the signs are pointing to an inevitable double dip recession and another big drop in housing prices with a double whammy with much higher interest rates, why buy now?
We have not even seen the worst of it yet…not even close.
Everything is when and not if…there is no way out of this mathematically without a huge drop in prices and a reset.
February 23, 2010 at 8:52 PM #517887ParticipantQuestion? When all the signs are pointing to an inevitable double dip recession and another big drop in housing prices with a double whammy with much higher interest rates, why buy now?
We have not even seen the worst of it yet…not even close.
Everything is when and not if…there is no way out of this mathematically without a huge drop in prices and a reset.
February 23, 2010 at 8:52 PM #518141ParticipantQuestion? When all the signs are pointing to an inevitable double dip recession and another big drop in housing prices with a double whammy with much higher interest rates, why buy now?
We have not even seen the worst of it yet…not even close.
Everything is when and not if…there is no way out of this mathematically without a huge drop in prices and a reset.
February 23, 2010 at 8:58 PM #517223scaredyclassic
Participantthe year of living dangerously.
it’s never a good time to have kids, but people keep doing it!
February 23, 2010 at 8:58 PM #517365Participantthe year of living dangerously.
it’s never a good time to have kids, but people keep doing it!
February 23, 2010 at 8:58 PM #517800Participantthe year of living dangerously.
it’s never a good time to have kids, but people keep doing it!
February 23, 2010 at 8:58 PM #517892Participantthe year of living dangerously.
it’s never a good time to have kids, but people keep doing it!
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