Newport Non-Conforming guidelines

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The full Newport Non-Conforming guidelines, 9 parts and 98 topics, searchable by topic. Sign in to open any of them.

• Matrices5 topicsFull Doc Qualification, Full Doc Qualification Product Highlights and Restrictions, Alt Doc: Bank Statements2, P&L, 1099, Asset Utilization, Alt Doc: Bank Statements, P&L, WVOE, 1099, Asset Utilization Product Highlights and Restrictions
• Program and borrowers12 topicsCompliance, Income Verification, AUS, Loan Terms
• Transactions5 topicsInvestment Transactions, Prepays Offered 1, 2, 3, 4 to 5 years, Property Seasoning, Properties Listed for Sale
• Credit15 topicsCredit Doc Age, Credit Scores and Tradelines Requirements, Forbearance, Credit Counseling, Collections, Judgements, Liens
• Debts and DTI15 topicsObligations not Appearing on Credit Report, Installment Debts, Revolving Debt, Business Debt
• Assets6 topicsAssets and Source of Funds, Ineligible Assets, Earnest Money Deposit (EMD), 1031 Exchange
• Income11 topicsMaximum Number of Financed Properties, Credit Report Data Included in DTI Ratios, Departing Residence, Wage Earners Income/Employment
• Property, title and vesting12 topicsAccessory Dwelling Units (ADU), Non-Borrowing or Non-Titled Spouse / Individuals, Vesting in Limited Liability Companies, Partnerships, Corporations, and S Corporations (each, an “Entity”), Eligible Property Types
• Closing and other requirements17 topicsSeller Concessions, Non-Arm’s Length Transaction, Interested Party Transaction/Conflict of Interest, Inherited Properties and Property Buyouts