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Stated Income Mortgages: what happened to them? | LendingTree – stated income loans are widely recognized as one of the primary factors that caused the housing market collapse between 2007 and 2010. These so-called "liar loans" didn’t require any form of income verification and ultimately allowed borrowers to take out loans they simply could not repay.
No Doc/Limited Documentation Home Equity Line/Home Equiy Loan – Home Equity Lines, Loans and Second Mortgage FAQs. Providing. No income verification loans on second mortgages are very rare and difficult to obtain.
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Home Buying: Does anyone do no income verification. – Trulia – Does anyone do no income verification mortgages ??. Now I want to get a home equity line of credit or mortgage.. Free &clear property, value @ $650k+, trying to get equity for $ 400k, 750+ credit score, net total assets $2 Million.