I was looking for an article on the WSJ website regarding a potential double dip in the Housing Market due to the number of foreclosures on the horizon and ran across this article about the National Association of Realtors pushing to have credit relaxed especially on commercial properties. I think the pendulum has swung too far in the wrong direction. We have gone in residential from giving a loan to "anyone who can fog a mirror" to no one get s a loan without near 100% perfect credit, low low debt , and nice chunk of a down payment. A fair in between would be something in between. I am not involved in commercial but it you are you may find this article of interest. I think it overall applies to all mortgage loans.
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