After speaking with a number of mortgage professionals, I have gained knowledge that WaMu is once again offering stated income loans for W-2 borrowers.
While that may not sound like a dramatic announcement in and of itself, the mere idea that a large national lender is restoring loan products to their menu is a sign of a reversal of the trend of the last three weeks.
It should be considered that WaMu has one of the strongest balance sheets in the industry and this may be indicative of what other financially strong lenders, such as Bank of America and Wells Fargo, might do in the near future. -By: Ron Ojeda, Capital Development, Blue Moon Capital, LLC
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment