Loans
I know that the real estate market is not exactly booming in the U.S., but I was reading an article the other day about the market in the U.K. that really shocked me.
Apparently, mortgage loans dropped 95% between July 2008, and August 2008. That’s not a misprint, they dropped 95% in a single month. [...]
Continue reading about So You Think the Real Estate Market is Bad in the U.S.
At the start of this month, Fannie Mae changed its policy regarding declining markets. Previously if you were in a declining market you had to put 10% down in order to obtain a loan. Now the policy has changed so that regardless of the state of the local real estate market buyers only need to [...]
Continue reading about Fannie Mae Changes Declining Market Policy