Wednesday, December 15, 2010

Non Warrantable Condo Lending

TRTY      Nationwide
AMNT     $100k - $3M
LTV        80%
INT        7 - 10%
PTS        2 - 4
TRM       5 - 25 year fixed
PPP        3 years
CRDT     680
DOCS     Full Doc
RSVS     12 months reserves PITI for all mortgages outstanding

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