Home Buyers scouring the market for deals are having a much more difficult time finding one. Due to a shortage of foreclosures and the virtual non-existance of short sales, it’s been necessary for Home Buyers and property investors to adjust their definition of a bargain. Bargains nowadays might include
Eighty-six percent of the typical bank’s mortgage loans made last year were “qualified mortgages,” according to the American Bankers Association’s 23rd annual Real Estate Lending Survey. Despite an increase in non-QM lending, the survey results revealed that 72 percent of respondents expect the Consumer Financial Protection Bureau’s mortgage lending rules will continue to cause a… Read More
