Mortgage Grapevine

Asset Depletion Loan Program

Can someone tell me who the actual investor/servicer is on this loan program? Seems like everyone is trying to double broker this loan program.
by hotboat25 November 2, 2011 3:58 PM

it sounds like a comp plan i had once.....
by Donktard Borker November 2, 2011 4:06 PM

FNMA buys it. GMAC offers it. Most every depository bank with a super jumbo portfolio loan program does it. You just need a borrower with approximately 2 X requested loan amount in reserves who look like they can comfortably outlive their savings burn rate.
by easymoneymartin November 2, 2011 5:17 PM


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