At implementation of the Dodd-Frank Act in 2010, shortly after the collapse of the Real Estate market, condominium owners watched the value of their investment plummet. FHA financing would no longer be available for vast numbers of condominium complexes, severely limiting a condo owners opportunity to sell their home. Home Buyers looking for affordable choices… Read More
Affordable Housing
Further Easing of Mortgage Credit Standards on the Horizon, According to Lenders
Home prices are rising slowly and interest rates have remained incredibly buyer-friendly so far in 2016, yet there is still some hesitation in the market. A bit of mortgage credit reform is long overdue. I’m thinking that government over-regulation and a recent history of tight mortgage credit standards is scaring the affordable-price and entry level… Read More