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A few weeks ago at a Penn event here in Los Angeles I met Seth Asher (W'97), mortgage broker to multitudes of entertainment industry professionals in Los Angeles and New York, and others across the country.
Last week Seth was quoted in articles published in Forbes, CNBC, Boston Globe, Business Week, etc., about tightening credit for home buyers.
For those of you who this effects, this may be some useful information. Per Seth, for our entertainment crowd, "many people in entertainment have significant assets but take a lot of income tax deductions, so they cannot document their income; loans with no income documentation have been effected the most dramatically by market changes."
Feel free to reach out to Seth at sasher@myloanmarket.com for comments or questions.
Click here for the audio of Seth's interview yesterday with NPR’s Marketplace with Kai Ryssdal (Real Audio) (or click here for Windows Media player)
Click here for the transcript for this interview
For those of you who this effects, this may be some useful information. Per Seth, for our entertainment crowd, "many people in entertainment have significant assets but take a lot of income tax deductions, so they cannot document their income; loans with no income documentation have been effected the most dramatically by market changes."
Feel free to reach out to Seth at sasher@myloanmarket.com for comments or questions.
Click here for the audio of Seth's interview yesterday with NPR’s Marketplace with Kai Ryssdal (Real Audio) (or click here for Windows Media player)
Click here for the transcript for this interview
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