Mortgage Forum

Mike

Hey Zino, Got new info. met with my accountant today and figured out how income and expenses work out in relation to owning a corporation..if you have someone in that stated income situation or they own a business and their income varies like ours; send them my way and i can tell them some info that may help..

Any way im wondering if you have seen the American Securitization Forum? You can look it up under americansecuritization.com. It is the framework of how the lenders are suppose to qualify the borrowers for the Subprime Adjustable Rate Mortgage Loans.

Well under this agreement, in segment 2 we qualify 100% under all three of the guidelines for a fast track loan modification. it also states the lender should NOT verify source of income, and that the borrower has to DO NOTHING the loan will be frozen automatically.