The biggest scam ever played is about to be revisited,? says Scott Wolf, CEO of Grace Century.“You had paper shoved down every investor?s throat for years, the world goes to the edge of the financial cliff and 6 years later, the memories are gone. It’s like it never happened. Look at what they are about to do with home loans and availability!”
pinion: It will soon get easier to buy a home ? but don?t do it
New government rules will make credit plentiful, endangering borrowers
The Federal Housing Finance Agency is opening the door to another mortgage problem, but it isn?t ultimately to blame.
SAN FRANCISCO (MarketWatch) October 24, 2014 ? After an extended drought of credit available to consumers, it?s going to get easier to buy a home.
The Federal Housing Finance Agency this week polished off a new set of guidelines that will allow government backing of loans that it had shunned since the mortgage crisis. And in a surprise move, the guidelines include a provision to consider some mortgages without down payments.