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Updated about 16 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Lender
  • from Birmingham, Michigan
  • Member since Mar 30, 2008
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Lender
  • from Birmingham, Michigan
  • Member since Mar 30, 2008
Connect
Account Closed
  • Lender
  • Birmingham, MI
0
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7
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Mortgage Brokers & Lenders

Non-Owner refi's

Account Closed
  • Lender
  • Birmingham, MI
Posted

We are running into problems with our non-owner refi's. Example, borrower's middle FICO is 686 with absolutely no lates, has 8 mortgages on his report - this would be 9th, owned subject property for 12 months, full doc, no cash out just rate and term, LTV is 48%. He bought this house for $28,900 put $5,000 into repairs, has great reserves and we keep getting denials. Anyone know of a lender we can submit this to that is closing deals like this one?

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