Not necessarily. If an applicant was explicitly applying for a 2nd lien or for a product (say a home equity loan for example) where your bank only offers it for subordinate liens, then lien status would be "2". ETA: Or, if your bank reports non-dwelling secured HI loans, a denied or withdrawn could be coded as a "3".
Last edited by raitchjay; 02/16/11 06:37 PM.
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I'm fixin' to fix that.