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This lender plans to underwrite $1B in mortgages with no income, no asset verification – The housing crisis in 2008 stemmed largely from defaults on sub-prime mortgages, or so-called NINJAs – borrowers who qualified for a home loan with no income, no job and no assets verified. Lenders.
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TD Bank Expands Residential Lending Team in New Jersey with Two New Hires – CHERRY HILL, N.J., May 6, 2019 /PRNewswire/ — TD Bank, America’s Most Convenient Bank ®, today announced two new appointments to its Residential Lending team in New Jersey. portfolio of.
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Home away from home: US dream remains ‘realty’ for most Indians – For Suresh Alluri, who lives in New Jersey and is from an IT background. She says, “A buyer can purchase a home with 5% down payment and get a mortgage for the 95% at 4.5%-5%. This is a no brainer.
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CHRIS WILLE: Mortgage fraud comes in many forms – The state as a whole ranks third behind New York and New Jersey. Most troubling is the long-term upward. A continuing issue for lenders is mortgage applicants listing bogus employment to inflate.
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