Relevant:
- Mr Mortgage: Actual IndyMac (Exotic) Loan Modification
- Countrywide eliminating Non-Conforming Fast & Easy stated-income loans today
- S&P Doing the Nasty on $280 Billion in Alt-A…Largest Ever
- Loan Modification Programs of Limited Benefit to RMBS
- Bair: 3,500 Mortgages Modified at IndyMac Under FDIC Program
2007-12-13 — blownmortgage.com
``Major guideline changes just announced:
* No Ratio and NINA has been eliminated on all products.
* Stated income on jumbo is now limited to 75% max LTV.
* Hybrid Option Arm is gone again.
* The lot loan program has been discontinued.
* Expanded approvals on Agency Conforming will be limited to 75% max LTV.''
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