Recently there has been efforts by the Federal Reserve to invest more money to the tune of $600 billion in mortgage backed securities resulting in interest rates dropping to their lowest point.
You would think that this would allow home buyers to take advantage of such an incredible opportunity right?
Wrong!
A recent press release from Market Watch indicates that few buyers can actually qualify for the savings because of too many challenges in the lending, credit, and even credit reporting industry.
This press release really hits it home because it covers the three main challenges that real estate and mortgage professionals face today such as:
- Tighter lending standards
- Declining home values
- Borrowers being plagued by the nation's credit reporting and credit scoring system
Specifically it targets the medical collection accounts that prevent many borrowers from getting approved for a home mortgage.
The proposed Medical Relief Bill is what can make a positive impact to our nation's economy.
CLICK HERE to read the entire article
Our credit repair service is also a solution to this ongoing challenge for the real estate and mortgage industry.
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