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INVESTOR MATCHUP FOR PROGRAMS

INVESTOR MATCHUP FOR PROGRAMS - Term Definition Flips...

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Term: Flips conventional Definition: Flagstar,Penny Mac, Wells Fargo Green Tree the value has increased by 15% or more in one year or 30% in three years from the original sales price the appraiser must analyze and explain the increase if due to a below market sale, such as a property in foreclosure. If the increase was due improvements, the appraiser must analyze, explain and the file must contain documentation such as contracts, receipts, and photographs. Term: Flips FHA Definition: Flagstar-mimium 30 day seasoning required Penny Mac Wells Fargo Term: Manufactured Home Definition: All Brokered AFR, Countryplace,first gurantee, first mortgage, sun west, washington federal Term: Jumbo Banked Definition: chase, core taylor, flagstar,green tree, suntrust, us bank-over 80% ltv then LPMI will be required, wells fargo
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Term: Jumbo Brokered Definition: New penn, US bank, washington federal Term: Home Path Definition: Wells Fargo, Flagstar, green tree Term: HOme pathBrokered outlets Definition: first guaranty, flagstar -HOME PATH RENOVATION Term: Foreign National Definition: Brokered-new penn, washington federal Term: Low Fico Definition: Brokered-afr-620 FHA or Conforming 620 Country place-FHA or Conforming 620 First Guaranty-FHA or VA 530
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First mortgage-FHA or VA 530
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Term: 203k Definition: FLAGStar full 203k Streamline Term: Delayed Financing Banked Definition: Chase, Penny Mac, Flagstar, Green Tree Term: Delayed financing brokered Definition: 360, new pen Term: 5-10 Properties banked Definition: FLAGstar, pennymac Term: 5-10 brokered Definition: 360,first mortgage, new penn
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Term: USDA Definition: Chase Term: Government loans FHA/VA Definition:
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