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New Mortgage Rules For California Borrowers Explained
Under the new Ability-to-Repay Rule, mortgage lenders must look at customers' income, assets, savings, and debt, and weigh those against the monthly payments over the long term – not just a teaser or introductory rate period. As long as they check the 

The rich are different -- they still get interest-only mortgages,0,7524049.story
The rich are different -- they still get interest-only mortgages Many banks that lend in high-end California markets plan to keep making these loans for affluent clients who want them. Often these are self-employed people capable of maintaining fat bank accounts while making sizable down payments, borrowers the 

Bankruptcy May Not Be Best Option for Unsecured Mortgage Lenders
San Francisco, CA -- (SBWIRE) -- 01/24/2014 -- According to mortgage expert Maggie Puccini, a borrower files a bankruptcy proceeding to stop a foreclosure since the filing results in an automatic stay that prevents creditors from pursuing the borrower

New Mortgage Rules Mean Tighter Requirements For CA Home Loan Borrowers
New Mortgage Rules Mean Tighter Requirements For CA Home Loan Borrowers The Blue Loan Services team of mortgage professionals operates with the goal to provide home loans to its clients while providing them with the lowest interest rates and closing costs possible. The company also does its best to inform borrowers of any

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Lenders fear worst from rent control measure on California ballot

WASHINGTON — Mortgage lenders are anxiously following a ballot initiative fight over rent control in California that they say could be detrimental for the industry as a whole.

Industry leaders and other observers say Proposition 10, which expand rent control options for local governments, could thwart affordable housing efforts and lead to property devaluations. That would present new risks for lenders evaluating the creditworthiness of commercial developers and municipalities planning housing projects.

If Prop 10 passes, “we’ll now have to be very careful in terms of underwriting multifamily properties, especially municipalities that either will have or looks like they will pass rent control measures,” said Jeff Burns, a managing director of Walker & Dunlop and an officer of the California Mortgage Bankers Association. “You don’t want a situation where you’re overleveraging a property that pretty soon can’t get the rent increases that they thought they were going to be able to get on a property.

Wilshire Quinn Provides $3000000 Cash-Out Refinance Loan in Emeryville, CA

The subject property is comprised of 26,335 square-feet and situated on a 44,200 square-foot parcel. Emeryville is located in northwest Alameda County, and lies between the cities of Berkeley and Oakland. The property is fully leased with various long-term tenants.

“We are pleased to announce the latest loan in our portfolio. We felt extremely comfortable with the equity and location of the property, but also the overall strength of the borrower,” said CEO & Chief Investment Officer Christopher M. Garcia.

The retail/industrial property was recently appraised for $5,000,000, giving the Wilshire Quinn Income Fund a total loan-to-value ratio of 60%.

In addition to industrial and retail properties, Wilshire Quinn provides financing on a wide variety of property types, including office, mixed-use, multi-family, and non-owner occupied SFRs.

As for Wilshire Quinn’s typical borrowers, their customer base is fairly diverse; borrowers range from corporations looking for construction financing, to individuals who are looking to purchase or refinance an investment property. Wilshire Quinn, a Los Angeles hard money lender and San Diego hard money lender , provides financing to borrowers who are unable to obtain credit from traditional lending institutions or need to close quickly on a property.

which mortgage lenders service California and dont execute a irs 4506 form?

my loan guy says now they have to execute the form, but certain lenders are not required to?
i understand you have to fill one out but certain lenders are in states where they dont have to actually check them.

You will want to get a NIV (no income verification) loan that does not require a 4506T rather than a stated income loan that does require it.

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