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$400,000 in Tax Debt Relief + 100 Point Jump in FICO
Leveraging the primary residence and a commercial building ACC Mortgage provided a $400,000 loan to a doctor to cover tax liens and debt in active collection status. Six months after closing, the borrower’s credit scores jumped over 100 points, allowing a refinance into a conventional mortgage.
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The Evolution, Destruction and Rebuilding of the Mortgage Industry
Fri, 11 May 2012 15:14:47 +0000
It has been a long time since I last blogged. Since that time many new rules, guidance and opinions of the mortgage industry have changed. I will be posting more about the future of lending in subsequent blogs.
The Frank Dodd Bill has dramatically changed the landscape of the financial service industry. Like most [...]
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