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Posted: Wed Dec 16, 2009 7:12 am Post subject: Self employment question

If borrower is self employed and income is declining can you still do a 24 month average or do 12 months

gmakerley · Posted: Wed Dec 16, 2009 3:06 pm Post subject:

the norm is 24 months, but underwriters are going to be looking at the 12 month history inasmuch as it's more current and probably more reflective of reality.

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Self employment question