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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.
From Argentina to Italy to Turkey to the United States, there’s plenty of global markets news to report.
Read full story for latest details.
Jack Ma, the rags-to-riches entrepreneur behind Chinese e-commerce giant, Alibaba, plans to hand over the reins at the company he co-founded nearly two-decades ago.
Les Moonves is about to leave CBS, sources say
– rss.cnn.com
Longtime CBS chief executive Les Moonves, facing new claims of sexual misconduct, is about to step down as part of a wide-ranging corporate settlement of a separate fight for control of CBS.
Ford tells Trump why it won't make China-built car in US
– rss.cnn.com
President Donald Trump offered some business advice to Ford Motor on Sunday: because of the administration’s high tariffs on car imports from China, Ford can start making its Focus Active in the United States.
