Originally Posted by Cptn. Howdy
the only true definition for a subprime loan is a loan that does not conform to Fannie/Freddie guidelines. funny thing is though, Fannie/Freddie would purchase certain loans that were even too risky for subprimers to touch.
how many times Peebs would you just play with D/U to get a wacky acceptance out of the blue!
...ha ha ha You don't even know. I never put in assets on a refi unless I needed them to get an approval. I loved fast and easy or the findings that ask for a verbal VOE and no income docs.