Sentences with phrase «doc loan means»

That's essentially what the no - doc loan means — neither the income, assets or employment would be verified.

That's essentially what the no - doc loan means — neither the income, assets or employment would be verified.

That's essentially what the no - doc loan means — neither the income, assets or employment would be verified.

Not exact matches

Many of these loans were called «no doc» loans which meant that there was no documentation (like annual salary) required in order to get the mortgages approved.

Home loans used to be underwritten full doc, meaning you would need to provide pay stubs or W - 2's, along with asset and employment information.

One of the defining characteristics of an Alt - A mortgage is that it is typically a low - doc or no - doc loan, meaning the lender doesn't require much (if any) documentation to prove a borrower's income, assets or expenses.

And if the Foreclosure Investigator would report misrepresentation on the original loan docs, that would mean that a lot of people who are in foreclosure would want to avoid this investigator at all costs.