Fifth Third Eliminates Stated Income Loans

The retail channel of Fifth Third has just eliminated their Quick & Simple loan program (aka stated income) effective this Thursday.  Thanks to reader Chris for sending this in.
The best sentence of the announcement? “Reminder: There is no guarantee that the Mortgage Insurance providers will insure these loans.  All Quick & Simple  loans > 80% LTV must have MI in order to close.” 
…
Original Source: feeds.feedburner.com/typepad

  20 May, 2008| housingblogs | @ 22:05

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