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Non-QM lenders are portfolio mortgage lenders, which means they fund their mortgage loans and either keep them in their portfolio or sell it on a private secondary market to institutional investors, insurance companies, money managers, or hedge funds.
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This discussion was modified 3 years, 2 months ago by
Eric Jeanette.
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Non-QM loans or Non-Qualified Mortgages are portfolio loans that do not conform to Fannie Mae or Freddie Mac agency mortgage guidelines. Here are examples of non-QM mortgage loans:
- Bank StatementMortgage Loans for self-employed borrowers
- There is no income tax or income documentation required on bank statement mortgages.
- The average of 12 months of bank statement deposits is required to calculate income on bank statement loans.
- Non-QM Jumbo Loans with bad credit
- No Income Documentation Mortgage Loans
- No-Doc mortgage loans
- Asset-Based Loans
- Foreign National Loans (ITIN) mortgage loans
- Recent Credit Event Loans. …
- Commercial loans
- 1099 income-only mortgages
- Stated-income mortgage loans
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How much are the down payment requirements on jumbo loans?
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Many people use Credit Karma to check their credit scores. However, when they begin working with a lender, they find out their scores are lower.
Is Credit Karma accurate?
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This discussion was modified 3 years, 2 months ago by Eric Jeanette.
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Is Kamala Harris the best candidate The Democrats have to face former President Donald Trump for 2024 Presidential Election? Are the Democrats that desperate of having a semi-descent candidate for President? Do Democrats think the American people are that stupid? Do Democrats need to name Kamala Harris, the person who slept her way up the political latter? Kamala Harris slept with former San Francisco Mayor Willie Brown to kick off her political career. Kamala Harris is not too smart. Many people cannot believe how she even became a lawyer let alone District Attorney of San Francisco, Attorney General of California, United States Senator, and Vice President of the United States. Now she is running for President? OMG. What has Kamala Harris ever achieved in her political career. Watch this video clip about Kamala Harris.
https://www.youtube.com/live/RcsRfo16ZC8?si=gFA0rsAlw8iu0KLU
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What do mortgage underwriters ask for CPA letters from self-employed borrowers?
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This discussion was modified 2 years, 2 months ago by
Gustan Cho.
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This discussion was modified 2 years, 2 months ago by
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How is the National Realtor Association ruling affect real estate agents making money especially buying agents. Thank you in advance.
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What common issues should I expect when renovating an RV?
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Which of the Following Statements are True About Credit Scores?
A. Your credit scores tell creditors whether you are more or less of a risk
B. When applying for a mortgage, credit scores have a huge impact on what your interest rate will be
C. It is possible to improve your credit without paying for credit repair.
D. All of the above
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This discussion was modified 3 years, 2 months ago by Eric Jeanette.
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This discussion was modified 3 years, 2 months ago by Eric Jeanette.
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This discussion was modified 3 years, 2 months ago by Eric Jeanette.
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This discussion was modified 3 years, 2 months ago by
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Once credit is cleared/ improved could I be approved in the state of Texas for Mortgage loan originator license? As far as the states that was mentioned, California, Illinois, & Arizona would I have to hold or establish a residency to qualify? Also I’m interested in the commercial loan officer opportunity. What is the process, and would it give me the experience and expertise needed to becoming a licensed mortgage originator ? Thank you for your time and I look forward to your reply!
Respectfully,
Vernise GreenView Last Reply: replied 1 year, 6 months ago
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Adding someone to mortgage. Can you add someone to a mortgage afterward? Will a lender add someone to the mortgage later if asked?View Last Reply: replied 1 year, 6 months ago
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This is the story of United Airlines flight 1175 from San Francisco to Honolulu, Hawaii. A perfectly smooth flight… followed seconds later by a violent explosion, an almost uncontrollable aircraft…and vibrations…. So many vibrations… Whatever caused this, wasn’t described in any manual.. and as the aircraft started pitching down, the pilots knew that there was only a cold, wavy ocean below them.
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Breaking: The World’s 🌎 🗺 🌏 🌐 🌍 MOST UNLIKED & THE WORLD’S BIGGEST LYING HUMAN BEING, KAMALA HARRIS has gone postal folks. The fact-checked incompetent Kamala Harris has exploded 🤯 💥 😳 😂 and 🇺🇸 had her Howard Dean moment and it has been recorded on video. This is breaking NEWS and the American people can now see that it is NOT just President Joe Biden has mental illness and mental stability issue. Please click 🙏 the video link below:
https://rumble.com/v5j7joc-kamala-harris-just-had-her-howard-dean-moment…-shes-done.html
rumble.com
Kamala Harris just had her "Howard Dean" moment... she's done
This was Kamala Harris' "Howard Dean" moment.
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“Usually the disinformation we saw was pro-Trump… We’ll investigate, and then it goes just up to another team to take it [the post] down,” admits Matthew Fowler, a Software Engineering Manager at Meta, during an undercover date with an O’Keefe Media Group journalist. Fowler emphasized that Meta’s investigations often rely on mainstream media for verification, stating, “The news is going to do their job, and then based on what the outlets say… you have to trust that.”
Plamen Dzhelepov, a Machine Learning Engineer at Meta, agreed, “Meta has the right to suppress anything,” acknowledging the company’s political bias by noting, “they’re biased if they do that against the Republicans.” Dzhelepov detailed Meta’s censorship capabilities, confirming they target “crazy conspiracy right-wing people,” actively demoting their opinions.
Michael Zoorob, a Data Scientist at Meta, described the fact-checking process, stating, “the fundamental problem is that… the vast majority of what fact-checkers label as false is shared by conservatives,” admitting that any policy demoting content labeled false by fact-checkers disproportionately affects conservatives.
When addressing misinformation, Dzhelepov explained Meta’s approach: “it’s either censored or it says a [community note] thing, where it says, ‘this is disinformation, it’s probably fake’ under the post,” adding that Meta “actually suppresses certain voices.” Zoorob also recalled how Meta had downranked the Hunter Biden laptop story upon the FBI’s warning, stating, “We just downranked it,” making the post less visible in users’ feeds.”
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What does art contribute to the world’s economy?
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How do I finance a pole barn building?
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What Do Urban Planners Do?
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How do I file my federal income tax return?
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What is Capital Gains Tax?
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What is Federal Income Tax?
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What are the most common health issues in cats?
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What should I look for in a Toy Poodle breeder?
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What are the best tips for renovating an old RV?
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My application is currently in underwriting. I am concerned that because my student loans are so high that my DTI may not pass. I have found a home that is scheduled to close on 12/2. Honestly I did not see you site until after applying thru my current lender. Would you be able to take over the case and will I still be able to close on 12/2 or earlier? I am in Illinois and also seeking downpayment assistance from IDHA. The Home Inspection and Appraisal have all been completed. My student loans total 186k and I am currently in deferment, but the lender is saying that the payments are coming up to 1300 per month…but I am paying $0.00. My credit score middle is 643. Also I am currently employed but will start a new job in a week making more money. Can you help? What steps will I need to take.
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What Happens If The Ears of German Shepherd Dog is Floppy? Why is the ears of my nine month old German Shepherd dog floppy? One of them is half floppy and the other one is fine. Is there a cure for floppy ears? How do you take care of a floppy ear German Shepherd? I heard to tape them? How can I tape them? What is a sure way of fixing my dog’s ears so they are both standing up straight?
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For those who do not have a DIVVY CARD, I strongly suggest you request a DIVVY CARD through Marga. A DIVVY CARD is like a Corporate Debit CREDIT CARD. You can use it pre-tax for business-related expenses such as NMLS CE, NMLS LICENSING, CELL PHONE, OFFICE EXPENSES, MEALS on Recruitment and Realtor Partners, Fuel & Mileage, Marketing EXPENSES, Leads, Tools, Travel, Utilities for OFFICE, etc. You can start small and always increase when you see EXPENSES coming up. In our office, Carlucci, Dale, John Strange, Mike Gracz,, and all active independent loan officers sponsored by Team GCA should absolutely sign up for a DIVVY CARD IMMEDIATELY. Marga, please follow up on this urgent matter and keep a note to send out multiple reminders. I have this memo and updates posted on GCAFORUMS.COM.
Thank you.
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This discussion was modified 1 year, 2 months ago by
Sapna Sharma.
gcaforums.com
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What Makes an Online Forum Go Viral
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My daughter and her husband live in Texas. Do your company offer loans on manufactured or modular homes using a VA Loan?
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I have an existing loan with low balance. I have a low credit score. Around 587. Can you do a manual underwrite for that on a cash out refinance? I am married but I am the only one on the mortgage.
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