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Letters of Explanation – mortgagestraightTalk.com – Letters of Explanation. letter of explanation is usually made when something is seen by the underwriter that warrants the clarification of an issue. The most commonly written letters of explanation revolve around explaining minor derogatory or detrimental consumer credit issues, for example.
How to write a letter of explanation . The key to a good letter of explanation is to cover all possible derogatory marks, gaps and extenuating circumstances that may catch the underwriter’s attention. Be specific, and include dates, details and supporting evidence for each scenario you describe.
buying a new house with an existing mortgage Few black people get home mortgages in Detroit, data show – “There are large parts of the city – probably over half – that do not have a functioning real estate market,” said Alan Mallach, a New Jersey-based. looked at loans for home buying, refinancing of.
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As convicted rapist, kidnapper sentenced to life, survivor says it won’t dictate her future – "I am smarter, braver and stronger than Mr. Lawson ever counted on," the woman said in her letter. "I am a survivor. They.
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