People still call about stated loans!

Published on 29 March 2009 by brian_alg in Investment Mortgages, Residential Mortgages

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It’s been over a year since the subprime and Alt-A meltdown that forever changed the mortgage industry.  The interesting thing is that we still get calls on a weekly basis asking for “stated loans”, or no documentation loans.  The conversation typically goes like this….
Caller:  Hi…My name is XXXX and I’m looking for loan to buy [...]

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