Haven't We Been Here Before?

By
Real Estate Sales Representative with Keller Williams Cornerstone Realty
http://actvra.in/K9g

Haven't We Been Here Before?

 

A recent Wall Street Journal Article reports another attempt by the Federal Government to meddle in the mortage markets.

 

"WASHINGTON—Federal regulators are considering giving mortgage lenders protection from certain lawsuits, according to people familiar with the matter, a move designed to encourage lending to well-qualified borrowers."

 

 

 

Home Loans May Get Shield

 

Ironically it is supposed to be because banks are unwilling to lend to "well-qualified borrowers". What well-qualified buyers are not getting mortages?

 

We just posted this: Banks Not Lending? Houses Sell Every Day!

Houses are sellings!

 

So who are these "well-qualified borrowers"? We have not seen one single buyer get refused unless they had bad credit, no down payment, high debt to income ratios or all of the above!

 

 

 

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Topic:
ActiveRain Community
Groups:
Florida Rain Makers
Keller Williams
Keller Williams 'Rainers
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Addicted to Active Rain
Tags:
federal government
big banks
mortgages

Comments 27 New Comment

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Rainmaker
612,958
Bob Miller
The Ruiz/Miller Team - Ocala's Dream Team
Keller Williams Cornerstone Realty

Thanks Kevin, that's what we are thinking.

 

October 17, 2012 01:04 PM
Rainmaker
874,173
Kevin B. Tolbert PA Team
New Home Construction Builder Specialist!
Keller Williams Realty of Port Saint Lucie

We haven't seen that too badly here in Florida.  If they are qualified, they get mortgages.

October 17, 2012 06:55 PM
Rainmaker
634,747
Evelyn Kennedy
Alameda, Real Estate, Alameda, CA
Gallagher & Lindsey, Alameda, California

Bob:

The same is true here in Northern California.  People who are qualified are able to get a loan to purchase a property.  Thank heaven.

October 17, 2012 07:54 PM
Ambassador
1,518,582
Christine Donovan
Broker/Attorney 800-610-7253 DRE01267479 - Costa M
Donovan Blatt Realty

Bob - The goverment decided to meddle again?  Who knew they would do something again?

October 17, 2012 10:54 PM
Rainmaker
612,958
Bob Miller
The Ruiz/Miller Team - Ocala's Dream Team
Keller Williams Cornerstone Realty

Thanks Kevin and Evelyn, our point exactly.  The only people saying banks aren't lending is the media.  And now the governement.

 

You are right Christine

October 18, 2012 02:18 AM
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Bob Miller

The Ruiz/Miller Team - Ocala's Dream Team
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Author Bio: Let The Ruiz/Miller Team 45+ years of finding solutions; solve YOUR real estate needs. We SELL homes! Find your dream home or a great investment! Can we sell it? Yes we can! Call us today 352-547-1086 Get 2 Realtors for the price of 1!

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