speculation: Declining Markets Rulings By Lenders, Pull Out Your Disco Boots!
- 02/12/08 01:58 PM
Yes, ladies and gentlemen, guys and gals, mods and rockers, we are going back in time with access to capital markets and lending guidelines, with loan to value restrictions on certain types of properties like condominiums, limiting access to loans that just recently were marketed and sold by the thousands. Fannie and Freddie are revising what they will not call "redlining", but include entire cities and zip codes in what they have determined, "Declining Markets", which we mortgage and real estate professionals will need to explain in Queen's English that their homes are worth what homes were worth in the late … (1 comments)
Yes, ladies and gentlemen, guys and gals, mods and rockers, we are going back in time with access to capital markets and lending guidelines, with loan to value restrictions on certain types of properties like condominiums, limiting access to loans that just recently were marketed and sold by the thousands. Fannie and Freddie are revising what they will not call "redlining", but include entire cities and zip codes in what they have determined, "Declining Markets", which we mortgage and real estate professionals will need to explain in Queen's English that their homes are worth what homes were worth in the late … (1 comments)
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