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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.
Mnuchin to Congress: Cut taxes or market will dive
– rss.cnn.com
Treasury Secretary Steven Munchin, speaking on the eve of the 30th anniversary of the 1987 market crash, predicted stocks will plunge if Congress fails to overhaul taxes.
It looks like the NFL won’t require players to stand for the National Anthem, and President Trump isn’t happy about it.
It started with Ashley Judd.
Inequality and economic insecurity have been rising for American workers ? and the situation is only getting worse as they age into retirement, a new report finds.
Gretchen Carlson speaks: 'The floodgates have opened'
– rss.cnn.com
Read full story for latest details.