Get ready to prove your income/assets if u are going to get 100% financing these days

J2 · Aug 4, 2007

These major wholesale players have exited or restricted the stated income high ltv/alt-a arena including:

Countrywide
Wells Fargo
Washington Mutual
Suntrust
Wachovia
Taylor Bean and Whitaker
Chase
IndyMac
Citi
National City
Bank of America
GMAC

You might be able to find some here today gone tomorrow xyz lender but good luck

Mtg brokers freaking out

TTinCO · Aug 4, 2007

With the housing market slowdown & dramatic rise in foreclosures, I think this is only the beginning of the tightening of the reigns-which may not be the worst thing in the world.

It's pretty apparent that a lot of people were allowed to get themselves in way over their heads.

Get ready to prove your income/assets if u are going to get 100% financing these days

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