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A NEW INVESTOR WITH NEW NON-CONFORMING LOAN PRODUCTS

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David Lykken

David Lykken

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Have you been wanting more liberal loan products to sell?  How about products with the following highlights:

  • Just missed agency guidelines
  • Expanded debt ratios
  • Jumbo and super jumbo loan amounts
  • No mortgage insurance
  • Owner occupied, second home, NOO
  • Foreign National loans
  • Interest only
  • Assets for income

On today’s program, we featured a new investor that is offering new NON-CONFORMING loan products.  That investor is New Penn Financial, LLC and our guest is company representative, Bob Wexler, Vice President of wholesale and correspondent lending.  We talked about New Penn’s latest loan product offering and what that means for you and your ability to fund a broader range of transactions.  With loan volumes in 2012 expected to be the lowest in years, the key to funding as many loans as possible is to have as many loan products as possible.  

Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program hosted by mortgage veteran, David Lykken. Joining the program each week is Alice Alvey providing a LEGISLATIVE UPDATE, Joe Farr with a MARKET UPDATE, Andy Schell (a/k/a "The Profit Doctor") providing valuable info on FINANCIAL MANAGEMENT and TONY GARRITANO providing a TECHNOLOGY UPDATE.

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