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Re: Stated income loans

Posted by JK (the other JK) on November 15, 2008 at 8:05 AM

In Reply to: Re: Stated income loans posted by CC in OC on November 15, 2008 at 7:25 AM

: Obviously, Alfred was talking about stated income loans. Who else but entrepreneurs (including real estate investors) can "lie" about income and assets?

: If a loan applicant can lie in the manner you described, s/he can do it full doc, too.

Huh? Stated Income existed for Wage Earners and the Self Employed. I'm really lost as to the point you are trying to make.


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