New loan regulations? - Posted by kevin

Posted by Don Dion on August 11, 2003 at 10:14:36:

It’s not only true for govt loans its true for many A paper lenders and has been the case for many BC lenders for the past 8 months or so. They are all asking for a 3yr chain of title on both purchases and refinance loans. Some lenders are even asking for closing protection letters.

New loan regulations? - Posted by kevin

Posted by kevin on August 11, 2003 at 09:34:02:

I have seen a post or newsletter (forgot to print it) that said that it will be tougher for buyers to get govt. backed mortgages when a property was just recently “flipped”. Is this true? Also, what will be a good way to get around this?