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Stated Income Loan Programs
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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.
Trump denies Exxon permission to drill for oil in Russia
– rss.cnn.com
The Trump administration has denied ExxonMobil permission to bypass sanctions to drill for oil in Russia.
United Airlines says its CEO, Oscar Munoz, will not take broader control of the company as previously planned, after a high profile incident that damaged the company’s reputation.
Facebook shows teens that coding is cool
– rss.cnn.com
Raquel Lucente’s parents always expected her to become a lawyer. When she went to work at a little company called Facebook they were completely confused.
Trump signs orders that take aim at Dodd-Frank
– rss.cnn.com
President Trump is taking steps to keep his word to “do a big number” on the 2010 Dodd-Frank financial reform law.
Elon Musk's new plan to save humanity from AI
– rss.cnn.com
Read full story for latest details.
