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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: kacy_in_LA who wrote (62304)	5/31/2006 8:49:19 AM
From: loantech	Read Replies (2) \| Respond to of 110194

Well maybe some see it that way. We operate under ECOA and Fair Lending. Rules are set by the comptroller of the currency. So essentially we loan to anyone the law allows and the the law is set up with books of regulations and those books are making it easier and eaiser to qualify for a home purchase. If you want a 100% loan set up as an 80% 1st and a 20% 2nd and you want to state your income so you can qualify by debt ratio standards but not prove you qualify, and then you want to state the cash position in the bank so your savings history does not need to be proven, and if your credit score is lower I can increase the rate and make it all work for ya! So no down payment of your own, no proof of gross income, and your credit has been paid slow in the past no problem just give us or anyone a call. Some one way up the ladder is the enabler. Why is it that that someone needs home loans made to people who just don't qualify? And while they are at it saying in the press they are tightening up on one side while loosening lending standards at the same time. Hmmmmmmmm have to keep lending to keep the debtberg afloat. When the lending stops................