Posted by janCA on 4/16/08 4:55pm
Msg #243710

A paper vs. B paper closings?

I received a vendor package from a title company today and there is a question asking me if I was familiar with "A paper as well as B paper closings". No, I've never heard of these before. Is anyone familiar with these terms?

Reply by GA/Atty on 4/16/08 5:13pm
Msg #243716

My response was - I have no idea!

I just filled outthat package the other day too.

Reply by Carmen/123 on 4/16/08 5:23pm
Msg #243718

Re: My response was - I have no idea!

I think that they are referring to the type of borrowers guys. 'A' paper means borrowers with good credit (my favorite because the signings are usually no trouble at all) and B paper are those with less than perfect credit. (sub prime)

Carmen

Reply by janCA on 4/16/08 5:35pm
Msg #243723

Yep!

That's it, Carmen. I've gotten a couple of PM's on this and that is exactly what A vs B paper closings are.