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The gap waiver is designed with the assumption that the buyer is current on the obligation. The rated banksexposure to subprime mortgages is in the range of 9%-12% of loans held for investment and typically 10%-15% of overall loan production. If you meet the minimum guidelines, the next page you see will give you details on the maximum loan amount you can been approved for, and ask for further details to complete your loan application. One is that one of the VCs worked at Genentech some time in their life.


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