THE CREDIT CONUNDRUM: IS ACCESS TO CREDIT GETTING EASIER?

housing-ekg.jpg

This was supposed to be the year that getting a mortgage would become easier. Now that we’re halfway through, we’ve seen home sales and closings substantially improve over last year, including by first-time buyers. This must mean that access to credit is getting better, right? Well, it doesn’t look that way.

After mortgage backers Fannie Mae and Freddie Mac clarified their credit qualification standards last fall to encourage lenders to ease their requirements, it seems like credit access would improve. And then the Federal Housing Administration lowered its insurance premiums, and Fannie and Freddie introduced new low-down-payment programs for qualified buyers.

Click here to read more.  

 

 

 

 

 

 

Keith Kaplan

CalBRE #01933707
Sothebys International Realty
9255 Sunset Blvd.
West Hollywood, CA   90069

keith.kaplan@sothebyshomes.com

310-646-7791

 

 

 

 

 

 

 

 

 

 

 

Be the first to comment

Please check your e-mail for a link to activate your account.