After being a pastry chef at hotels like the Marriott, Hyatt Capitol and Hilton International for six years, Steve Thomas saw an opportunity to go into business for himself. "A lot of places were reducing staff and just buying products instead of labor and I saw a need for fresh, good pastries and desserts."
Dear Ms. Mortgage Maven, I have heard a lot about stated income loans lately, in connection with the turmoil in the subprime market. I also heard of no income loans. Are these the same thing? What is a stated income loan and who would want one of these loans if they are so risky? Thanks!