Stated Income Construction Loans and Subprime
December 27, 2007 by Delagnes
Filed under Construction Loans and Finance
A recent article in the Sacramento Business Journal sums up the general consensus in the mortgage business about how risky loans will be handled in the future. While the article focuses on WAMU, the article could be about any publicly traded bank in the country and still hold true. “The Seattle-based company lost $113 million [...]