Question by jellofosho: how likely would you be audited if you apply for a low doc loan?
in todays market (july 2008) what percentage of low doc loans are audited?
Best answer:
Answer by Bridget H
Audited by who?
I am assuming low doc means low loan amout also.
Regulators? Not very likely.
Internal audit? Probably just as likely as any other.
What do you think? Answer below!
Arkansas HARP Refinancing Specialist Uses New HARP 2.0 Program to Help …
North Little Rock, ambulance AR — (SBWIRE) — 12/05/2012 — In October 2011, case Fannie Mae and Freddie Mac along with the Federal Housing Finance Agency (FHFA) announced modifications to the Home Affordable Refinance Program to make it easier for lenders to …
If you would like more informaiton please visit here…
Another Asterisk for Asset Purchases
The federal government encourages mortgage companies to refinance borrowers whose debts exceed 80 percent of the value of their homes by instructing Fannie Mae and Freddie Mac to buy the new loans and to relax some of their usual conditions and …
For more informaiton please visit here…
Foreclosure Assistance Ads Unveiled
Federal officials are launching a new ad campaign to raise awareness of the assistance that may be available to financially stressed homeowners through the Making Home Affordable Program (MHA). The Treasury … MHA has two major components, the Home …
If you would like more informaiton please visit here…
