Transcription of Portfolio Underwriting Guidelines - Luther Burbank …
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Portfolio Underwriting Guidelines - Luther Burbank …
Luther Burbank Savings PortfolioWholesaleARMRev 02/12/181 Portfolio Underwriting GuidelinesProgram Description:An adjustable rate mortgage program fixed for 3, 5,and7yearsthen adjusts annually based on the 1 Year LIBORI ndexProgram Codes:3/1 LIBOR ARM3-Year Fixed5/1 LIBOR ARM5-Year Fixed7/1 LIBOR ARM7-Year FixedContents:Ctrlclick heading below to be directed to appropriate ProgramInterested Party ContributionAge of DocumentsLoan Amount/LTVA ppraisalsMortgage Broker LoansAppraiser RequirementsMortgageInsuranceARM Program InformationAssetsMortgages to One BorrowerNon-Arm s Length TransactionAsset DepletionAssumptionsNon-Occupant Co-BorrowersNumber of PropertiesBank Statement ProgramOccupancyBorrower EligibilityPrepayment PenaltyBusiness EntitiesProperty TypesCondominiumCreditCross Collatera
Luther Burbank Savings Portfolio Wholesale ARM 1 Rev 02/12/18 Portfolio Underwriting Guidelines Program Description: An adjustable rate mortgage program fixed for 3, 5, and 7 years then adjusts annually based on the 1 Year LIBOR
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