2008-09-09blownmortgage.com

"The mortgage market continues to tighten, with more non-traditional mortgage products starting to exit the market. Today, CitiMortgage announced the end of it’s stated income (SIVA and SISA) and 40-year loan products, the 40-year interest only mortgage and the 40-year ARM product (which consists of a short-term fixed period followed by an adjustable rate period for the duration of the loan)."



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