mortgage insurers weigh less risk reduce down payment requirements: U.S. HOUSING RECOVERY AHEAD? Mortgage Insurers Thin "Declining Markets" List, Require Less Down Payment! - 12/20/09 03:19 PM
Is increased lender confidence - key to a housing market turnaround, in Chicago and elsewhere - returning?
In some markets across the U.S., that seems to be the case.  Until very recently, virtually every home market across the country insisted on higher down payments, suggesting local housing prices were still sliding downward.
But now, according to an article by Ruth Simon in the December 16th Wall Street Journal, Private Mortgage Insurance Companies, including larger insurer MGIC, seem to be feeling better about market conditions in many areas, and have taken several mid-sized markets off their "watch list."  
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Dean's Team Chicago IL Real Estate Team

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