{"id":311,"date":"2006-07-27T16:53:00","date_gmt":"2006-07-27T23:53:00","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=311"},"modified":"2006-07-27T16:53:00","modified_gmt":"2006-07-27T23:53:00","slug":"stated-income-loans-liar-loans","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2006\/07\/27\/stated-income-loans-liar-loans\/","title":{"rendered":""Stated Income" Loans = Liar Loans?"},"content":{"rendered":"

And Paul Moulo<\/a> has this from National Mortgage News:<\/p>\n

“According to a new report by the Mortgage Asset Research Institute, “stated-income loans” deserve their nickname of the “liar’s loan.” MARI says that almost 60% of the stated-income amounts are exaggerated by more than 50%.”<\/p><\/blockquote>\n

Is this for real? Does this suggest that nearly 60% of those borrowers who “stated” that their income was $8000\/mo., really made $4000\/mo.? <\/p>\n

Please read the rules<\/a> before posting a comment.<\/div>\n
\n
Seattle Bubble Tip Jar<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

And Paul Moulo has this from National Mortgage News: “According to a new report by the Mortgage Asset Research Institute, “stated-income loans” deserve their nickname of the “liar’s loan.” MARI says that almost 60% of the stated-income amounts are exaggerated by more than 50%.” Is this for real? Does this suggest that nearly 60% of…<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[1113],"coauthors":[],"class_list":["post-311","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-uncategorized"],"yoast_head":"\n"Stated Income" Loans = Liar Loans? \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2006\/07\/27\/stated-income-loans-liar-loans\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\""Stated Income" Loans = Liar Loans? \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"And Paul Moulo has this from National Mortgage News: “According to a new report by the Mortgage Asset Research Institute, “stated-income loans” deserve their nickname of the “liar’s loan.” MARI says that almost 60% of the stated-income amounts are exaggerated by more than 50%.” Is this for real? 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