The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: loantech who wrote (46070)	11/23/2005 9:54:36 PM
From: Elroy Jetson	Read Replies (1) of 110194

Stated Income loans were perfect for the professionals Marion wanted to make home loans to. Doctors, lawyers, and other high-income self-employed professionals. The difference between Marion Sandler (World Savings) and other banks is that there has to be actual substance to the borrower. At some banks you tell them your income and they believe you. Marion wants more. You might know more of the details than I, but when other banks were taking a bath, the Sandlers continued to make regular profits. .

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