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Ally’s Consumer Direct Rollout; Jumbo News; Lender and Loan Amount Changes – Highlights of JMAC Lending’s Newport Non-Agency program include cash-out up to 90%, purchase up to 95%, loan amounts from $100K up to $2.5 million, NO mortgage insurance. that its "industry-leading.
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Anyway, the term "No Doc" is usually defined as no income, no asset, and no employment verification. Some silly loan officers refer to these types of loans as NINJA loans, with the "J" representing the word job.
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