Cyprexx: Discrimination charges “frivolous”

Cyprexx: Discrimination charges “frivolous”

Fannie Mae contractor responds to charges from National Fair Housing Alliance

Hey CNBC, shut up about millennials already

Your advice is patronizing, contradictory and just plain wrong

Morgan Stanley finally pays $275 million for subprime RMBS fraud

SEC charged company with misrepresenting loans
W S
Lending / The Ticker

Lending to the self-employed is getting harder

/ Print / Reprints /
| Share More
/ Text Size+

Sally Herigstad, a freelance writer in Enumclaw, Wash., encountered problems last year when applying for a mortgage. Before offering to place a 26-percent down payment on a house, Herigstad says she and her husband had heard that getting a mortgage would be harder than it once was, but they had no clue just how difficult the process would be.

"Some of the hurdles were uneven self-employment income, a [one-time] start-up expense [from] two years earlier that the lender categorized as ongoing, and the requirement that we qualify for payments on both our old house and our new house, despite the fact that we planned to rent out the old house," she says.

Source: U.S. News
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus