Stated Income 2nd Mortgage Links

Signed deal won't be enough to make mortgage mess go away - The News Journal

Signed deal won't be enough to make mortgage mess go away The News Journal Origination problems include the famous "no doc" loans, where mortgages were provided with no documentation by anyone, and the "stated income" loans, where the buyer or the seller simply made up the buyer's income and never checked it. and more »

PennyMac Mortgage Investment Trust Reports Fourth Quarter and Full-Year 2011 ... - EON: Enhanced Online News (press release)

PennyMac Mortgage Investment Trust Reports Fourth Quarter and Full-Year 2011 ... EON: Enhanced Online News (press release) (EON: Enhanced Online News)--PennyMac Mortgage Investment Trust (NYSE:PMT) today reported net income for the fourth quarter of 2011 of $19.6 million, or $0.70 per diluted share, on total net investment income of $39.1 million. This brings the full-year ... and more »

American Capital Mortgage Investment Corp. Reports $1.72 Earnings Per Share ... - Sacramento Bee

American Capital Mortgage Investment Corp. Reports $1.72 Earnings Per Share ... Sacramento Bee 8, 2012 -- /PRNewswire/ -- American Capital Mortgage Investment Corp. ("MTGE" or the "Company") (Nasdaq: MTGE) today reported net income for the three months ended December 31, 2011 of $17.2 million, or $1.72 per share, and net book value of $20.87 per ... and more »

Company offers second-chance mortgage loans - Las Vegas Business Press

Company offers second-chance mortgage loans Las Vegas Business Press Loans were approved for people who were less than qualified, often through stated-income documents and adjustable-rate mortgages. "I think we've got to stop looking backward and start looking forward to get the economy rolling again," Piette said.

Obama Mortgage Refinancing Plan: A Bailout by Any Other Name - National Legal and Policy Center

National Legal and Policy Center

Obama Mortgage Refinancing Plan: A Bailout by Any Other Name National Legal and Policy Center based real estate tracking service, CoreLogic, 10.7 million homes, comprising 22.1 percent of all homes with a mortgage, were in this "underwater" condition during Third Quarter 2011. That's slightly down from 10.9 million homes in the Second Quarter, ... and more »