"Actually Larry they never went out of business, in fact I just closed a deal with New Century, it's just, they don't like you. I'm sorry to break it to you, it was supposed to be a huge secret until you left the business".
MAX LTV AND CLTV at Indymac just reduced to 75% for all stated income jumbo loans. Yikes! A large percentage (I'd say more than 60%) of all jumbo loans are stated income.
This means if you want to purchase a home for 750K and you need to utilize stated income for whatever reason, you'll need to put down $187,500.