Section C. Borrower Credit Analysis Overview
Undisclosed Debts and Inquiries Lenders must determine the purpose of any recent debts, as the borrower may have incurred the indebtedness to obtain the required cash investment. A borrower must provide a satisfactory explanation for any significant debt that is shown on the credit report but not listed on the loan application.
Analysis, Direct, Debt, Borrower, Undisclosed, Borrower credit analysis
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