«If the loan is originated
as a (Qualified
Mortgage) loan and then is later found to not be... the lender can be exposed to a possible lawsuit or repurchase of the loan, both of which very costly,» said Joe Soto, vice president of mortgage lending for Guaranteed Rate in Los Alamitos, Calif. «What we have done and what most lenders will likely do is try to keep everything the same... to make sure there is no second - g
Mortgage) loan and then is later
found to not be... the lender can be exposed to a possible lawsuit or repurchase of the loan, both of which very costly,» said Joe Soto, vice president of
mortgage lending for Guaranteed Rate in Los Alamitos, Calif. «What we have done and what most lenders will likely do is try to keep everything the same... to make sure there is no second - g
mortgage lending for Guaranteed Rate in Los Alamitos, Calif. «What we have done and what most lenders will likely do is try to keep everything the same... to make sure there is no
second - guessing.