Re: new 1003

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Re: new 1003 - Lisa
Posted by Sylvia_FL of FL on 5/3/07 10:27pm	Msg #188720

I have to disagree.
First, I was told by a title company when the new 1003 came out that if there was not a co-borrower, then the borrower should not sign the top line as it was only for borrowers applying for joint credit. I have never ever had a sole borrower sign at the top.

Second, if you go to https://www.efanniemae.com/sf/formsdocs/forms/pdf/sellingtrans/1003.pdf

The 1003 states above the place for signatures in the top portion:
"if this is an application for joint credit, Borrower and Co-borrwer each agree that we intend to apply for joint credit"
Why would a borrower who is obviously not applying for joint credit sign that he/she is intending to apply for joint credit?

Messages in this Thread
	new 1003 - Mary Irene Mccomb on 5/3/07 7:28pm
	Re: new 1003 - Lisa Prestegard on 5/3/07 8:11pm
	Re: new 1003 - Lisa - Sylvia_FL on 5/3/07 10:27pm
	Re: new 1003 - Lisa - Lisa Prestegard on 5/3/07 11:10pm
	Re: new 1003 - Lisa - LynnNC on 5/4/07 8:10am
	Where? - JanetLA on 5/3/07 9:01pm
	No, it really isn't open to interpretation - Lisa Prestegard on 5/3/07 9:52pm
	Re: No, it really isn't open to interpretation - GF_CA on 5/3/07 10:24pm
	Re: No, it really isn't open to interpretation - pan/nd on 5/3/07 10:25pm
	Yes, it could (and should) be more simply put... - Lisa Prestegard on 5/3/07 11:03pm
	Re: Yes, it could (and should) be more simply put... - pan/nd on 5/3/07 11:15pm
	From one mouse to another, I couldn't agree more - Lisa Prestegard on 5/3/07 11:27pm
	YES it really IS open to interpretation - JanetLA on 5/4/07 8:28am
	Agree, JanetLA. I have single BOs put 'N/A' to show (s)he - Susan Fischer on 5/5/07 10:59pm
	Re: new 1003 - Joe Ewing on 5/3/07 10:48pm
	Re: new 1003 - Joan Bergstrom on 5/3/07 11:12pm
	Maybe this will explain it... - Lisa Prestegard on 5/3/07 11:24pm
	Re: Maybe this will explain it... - pan/nd on 5/3/07 11:37pm
	PAW has convinced me that the intent of the regulatory.... - Bob_Chicago on 5/4/07 1:15am
	Think who we are and what we do - Ndwa on 5/4/07 2:41am
	Re: Think who we are and what we do - Lisa Prestegard on 5/4/07 6:39am
	Crazy as it seems - BrendaTx on 5/4/07 7:20am
	Re: Crazy as it seems - LauriecPA on 5/4/07 8:20am
	I do both ways... - Lee/AR on 5/4/07 8:30am
	One Would Think... - Dennis D Broadbooks on 5/4/07 8:43am
	Re: One Would Think... - JanetLA on 5/4/07 8:56am
	Why Not? - Brad/AZ on 5/4/07 9:47am
	Re: One Would Think... - BrendaTx on 5/4/07 12:57pm
	Re: new 1003 - Elizabeth Soliday on 5/4/07 12:40pm

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