Re: Full Factual: Have you ever been burned by it?
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Posted by LadynRed
(68.32.101.73) on January 28, 2004 at 00:02:32:
In Reply to: Full Factual: Have you ever been burned by it? posted by Judgmental on January 27, 2004 at 15:35:17:
According to a mortgage guy on another forum, these 'full factuals' are rarely run, if ever. As Steve mentioned, they are costly to run and it apparently takes much longer to get them so it affects their turn-around time. The Mortgage biz is VERY competitive and they WANT to write those papers so its rare a lender will go that far - if your regular CR is within their range, they won't dig any deeper.
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