I always the say went, loose lips sink ships. Wasn’t it loose credit that started the build-up to the bubble? Yes I’m being sarcastic.
Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit. The analytics firm notes the average credit score required to attain a mortgage loan is 700. While this is higher than scores required prior to the crisis, it is constant with requirements one year ago. Banks are also loosening loan-to-value ratios (LTV), which Capital Economics denotes "the clearest sign yet of an improvement in mortgage credit conditions." » Read More
SUNIL SETHI REAL ESTATE