Question Details

Thierry Abel, Real Estate Pro in Larkspur, CA

Is Subprime Back?

Asked by Thierry Abel, Larkspur, CA Fri Apr 1, 2011

It seems so as per this article from the WSJ

http://online.wsj.com/article/SB1000142405274870453020457623…

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2
Yes Dan, a nice balance will be good!

A special category of Mortgage loans for self-employed borrowers would help.
(Portfolio lenders in our area have already become more flexible)

As Home values seem to have reached the bottom around here; "Home Equity Line of Credits" up to 100k have become available based on stated income. (like in the old days)
1 vote Thank Flag Link Fri Apr 1, 2011
Thanks for the article. It looks like they may be at some point. I've noticed Jumbo's are more readily available too. I'm hoping that the pendulum will find a nice balance point now instead of swinging from one extreme to the other in lending.
0 votes Thank Flag Link Fri Apr 1, 2011
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