August 28th, 2013 9:18 AM by Eric Fang
Got an email from one former AE about theirnew guideline. My first impression is thatsubprime is back.
1)500 Mid Credit score is ok2)One day out of foreclosure, short sale is ok3)Can use bank statements as income for self employeed.
And this lender is from the hometown of subprime:Irvine, CA.
I think other lenders will follow as well, though not asmuch as this lender.