lending: American Loans for Mexican Homes
- 07/26/07 01:04 AM
Due to the strengthening of the housing market in the United States and Mexico, more homebuyers today are looking to purchase highly sought after Mexican Real Estate. Especially with the implementation of US title insurance and financing. These changes in the market place have created tremendous advantages and demand for real estate in Mexico. The Restricted Zone Foreigners may acquire direct ownership of property in the interior of Mexico; however, the Mexican Constitution regulates land ownership and establishes states that "...in a zone of 100 kilometers (about 62 miles) along any border or 50 kilometers (about 31 miles) along the coast, a … (5 comments)
lending: FHA: From Then to Now
- 07/13/07 09:50 AM
Change in the Market In 2006, mortgage volume was $2.8 trillion- 70% originated by Mortgage Brokers $640 billion in nonprime mortgages was originated. Roughly 23% of the 2006 market n$545b originated by the top twenty-five sub-prime origination companies. Home prices increased exponentially from 2001 to 2006, and now home prices are falling in most parts of the country. Guidelines have tightened on Alt-A, sub-prime, and conforming Refinance transactions have slowed, 36.2% market share Because they couldn't afford to buy back their EPDs, (early payment defaults) many lenders have either been sold, declared bankruptcy and/or shut their doors. see (http://ml-implode.com/) for details. Subprime in … (2 comments)
Due to the strengthening of the housing market in the United States and Mexico, more homebuyers today are looking to purchase highly sought after Mexican Real Estate. Especially with the implementation of US title insurance and financing. These changes in the market place have created tremendous advantages and demand for real estate in Mexico.;)
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