Unfortunately, “due primarily to the financial difficulties of some correspondent lenders, we typically recover on average approximately 50 percent from these lenders,” Wells added in a filing with the Securities and Exchange Commission.So far, most of the money the banks have paid has gone to Fannie Mae and Freddie Mac, which used to be government-sponsored enterprises and now, after the bailouts, are government-controlled.

For example, if the property is worth $100,000 it would be as if you took cash in the amount of $100,000 out of your IRA (which would require that you report an additional $100,000 of income and pay the corresponding taxes).3.

I found this information in the on of the forums that @Anthony Thompson referred me to:Originally posted by @Michael Plaks:@Andy J. and @Alik LevinYour confusion comes from mixing together these two completely separate issues:personal deduction on Schedule Abusiness deduction on Schedule E (rentals) or C (flips)If your loan is used for investment/business purposes, the interest is fully deductible against the corresponding property on Schedule E or C.

I used one LLC name and the corresponding EIN for that LLC on the app.

If we have been corresponding via email, should I send an email rejection?

Begin corresponding in writing.

It is for the businessPersonal credit is a function of personal indebtedness and often corresponds to an inability to manage $.

Follow up your correspondence with email, summarize the conversation so it can be documented.Based on my experience, fathers who allow their adult children to live in their second homes typically pick up the financial slack when needed.

I applied April 7th, and got no correspondence except an email stating that they received my application (probably 7-10 days after applying,) and just got $1K in my account yesterday.

You should copy both on all correspondence.