Comments on: Citi wholesale eliminates popular stated and 40-year products http://blownmortgage.com/2008/09/09/citi-wholesale-eliminates-popular-stated-and-40-year-products/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Sun, 08 Nov 2009 16:51:22 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: mikew http://blownmortgage.com/2008/09/09/citi-wholesale-eliminates-popular-stated-and-40-year-products/comment-page-1/#comment-12373 mikew Thu, 11 Sep 2008 19:21:27 +0000 http://blownmortgage.com/?p=1265#comment-12373 Hey Ron... It most certainly was not just brokers that used stated loans. Please remember not to use the term Broker to cover all loan originators. After all we all know that retail and correspondent offered stated loans too. Hey Ron… It most certainly was not just brokers that used stated loans. Please remember not to use the term Broker to cover all loan originators. After all we all know that retail and correspondent offered stated loans too.

]]> By: al http://blownmortgage.com/2008/09/09/citi-wholesale-eliminates-popular-stated-and-40-year-products/comment-page-1/#comment-12372 al Tue, 09 Sep 2008 21:24:21 +0000 http://blownmortgage.com/?p=1265#comment-12372 Many wholesale and correspondents are still doing these loans. Just like the non-conforming expanded criteria, but with better pricing. 90% LTV a few months ago, then reduced to 75%. The real crappy loans were Citi's expanded loans, which were SUBPRIME. They just killed that program recently too. Many wholesale and correspondents are still doing these loans. Just like the non-conforming expanded criteria, but with better pricing. 90% LTV a few months ago, then reduced to 75%. The real crappy loans were Citi's expanded loans, which were SUBPRIME. They just killed that program recently too.

]]> By: Ronald Perry http://blownmortgage.com/2008/09/09/citi-wholesale-eliminates-popular-stated-and-40-year-products/comment-page-1/#comment-12371 Ronald Perry Tue, 09 Sep 2008 20:53:48 +0000 http://blownmortgage.com/?p=1265#comment-12371 These loans are why they are in trouble still. Everyone eliminated them yet the were one of the last dumping grouds for the product. Brokers used the product in wholesale to qualify the un qualified buyer.<br><br>Full doc or nothing... These loans are why they are in trouble still. Everyone eliminated them yet the were one of the last dumping grouds for the product. Brokers used the product in wholesale to qualify the un qualified buyer.

Full doc or nothing…

]]> By: al http://blownmortgage.com/2008/09/09/citi-wholesale-eliminates-popular-stated-and-40-year-products/comment-page-1/#comment-12370 al Tue, 09 Sep 2008 20:25:08 +0000 http://blownmortgage.com/?p=1265#comment-12370 The SIVA and SISA programs were the Agency expanded criteria programs that got canceled by the agencies. 40 yr going away is not a big deal. The SIVA and SISA programs were the Agency expanded criteria programs that got canceled by the agencies. 40 yr going away is not a big deal.

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