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Stated Income Options Available
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Tax Returns versus Stated Income!
Most traditional banks will require several years of tax returns in order to qualify for a commercial real estate loan. The alternative is to use a Stated Income lender that does not verify personal income or assets. Many borrowers will simply not qualify for a commercial mortgage loan if tax returns are used due to high business expenses (and low net income). Many lenders using tax returns will also continue to verify income after the loan closes. Stated Income lenders will not engage in this practice.
Equifax is investigating executive stock sales
– rss.cnn.com
Equifax is investigating three executives who sold company shares worth nearly $2 million shortly after a massive data breach was discovered, but before the company announced the breach to the public.
There’s soccer and dodgeball. A scrapbooking workshop. A belly flop contest in the pool.
Tom Price, out as Health secretary, worth $14 million
– rss.cnn.com
Read full story for latest details.
Companies are stepping up to rebuild Puerto Rico.
The Food and Drug Administration is worried that there could be shortages of some critical drugs normally produced in Puerto Rico if manufacturing plants there are closed for an extended period of time.