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Full documentation loan information


In the United States, full documentation loan refers to a loan where all income and assets are documented.[1] It is typically referred to as a "full doc" loan in the mortgage industry and is a common type of loan used for financing a home purchase.[2]

  1. ^ GIANNAMORE, Richard; OSACH, Barbara Bardow (2009-04-22). Navigating the Mortgage Minefield: Your Complete Guide to Avoiding Costly Problems and Finding the Right Loan in Today's Market. AMACOM. p. 110. ISBN 978-0-8144-1370-8.
  2. ^ Quail, Rob (2010-09-09). Lessons from the Financial Crisis: Causes, Consequences, and Our Economic Future. John Wiley & Sons. ISBN 978-0-470-62241-4.

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Full documentation loan

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States, full documentation loan refers to a loan where all income and assets are documented. It is typically referred to as a "full doc" loan in the mortgage...

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Mortgage

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A mortgage loan or simply mortgage (/ˈmɔːrɡɪdʒ/), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real...

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Second mortgage

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arranged as home equity loans or home equity lines of credit. Home equity loans are granted for the full amount at the time of loan origination in contrast...

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Subprime lending

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660 while Alt-A is traditionally defined as loans lacking full documentation or with alternative documentation of ability to repay . The value of U.S. subprime...

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Loan origination

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have made stated-income and stated-asset loans a thing of the past and full income and asset documentation is now required from the majority of Fannie...

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Payday loan

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payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a short-term unsecured loan, often...

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Mortgage fraud

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for the loan. Because mortgage lenders today do not have "stated income" loans, income fraud is seen in traditional full-documentation loans where the...

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Paycheck Protection Program

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keep documentation related to the PPP loan for a minimum of six years after the date its PPP loan is forgiven or the date the PPP loan is paid in full, whichever...

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Business loan

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fast process and minimum documentation it requires. Business loans may be either secured or unsecured. With a secured loan, the borrower pledges an asset...

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National Social Science Documentation Centre

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The National Social Science Documentation Centre (NASSDOC), a constituent unit of the Indian Council of Social Science Research (ICSSR), was established...

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VA loan

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A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs (VA). The program is for American veterans...

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Bank of America Home Loans

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loans, low-documentation loans and home-equity loans while telling borrowers they would be able to refinance before the interest rate on their loans adjusted...

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Bad debt

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the United States, bank loans with more than ninety days' arrears become "problem loans". Accounting sources advise that the full amount of a bad debt be...

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Mortgage industry of the United States

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whether there is full documentation, alternative documentation, or little to no documentations, with extreme "no income no job no asset" loans referred to...

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Senior debt

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frequently issued in the form of senior notes or referred to as senior loans. Senior debt has greater seniority in the issuer's capital structure than...

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Isidro Pitta

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División Argentina club Independiente. Independiente unsuccessfully submitted a loan offer for Pitta with an option to buy him. In September 2020, Pitta joined...

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Gap financing

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permanent loan as committed. More specifically, gap financing is subordinated temporary financing paid off when the first mortgagee disburses the full amount...

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Lynn Tilton

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1959)[citation needed] is an American businesswoman and collateralized loan obligation (CLO) creator, owner and manager. She is the chief executive officer...

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Dean Mason

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2008 in a 3–1 home victory over Bognor Regis Town. In December 2008 he was loaned to Northwood. After promotion he was later released and joined Maidenhead...

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Marios Demetriou

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In 2013–2014, Demetriou was given on loan to Alki. On 30 June 2018, Demetriou joined Ermis Aradippou on loan until the end of the season. On 31 August...

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German alphabet

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Unicode 5.1 as U+1E9E, and since 2010 its use is mandatory in official documentation when writing geographical names in all-caps. Although nowadays substituted...

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Ontario Student Assistance Program

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OSAP applications. Full-time OSAP application deadline: 60 days prior to end of study period. Full-time OSAP supplementary documentation deadline: 40 days...

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Marko Marin

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reached an agreement for the season-long loan of Marin to Sevilla, subject to the completion of legal documentation and a medical. Marin scored his first...

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Land contract

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legal title to the land as recorded in documentation (deeds) in a government recorder's office until the loan is completely paid off. However, if the...

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