Lenders Still Restricting Lending Despite Cash Infusions
The federal government has given hunders of billions of dollars to U.S. banks as part of the TARP (Troubled Asset Relief Program), yet many lenders have not loosened standars or requirements for borrowers so it remains difficult for home buters to get attractive loans, despite record low interest rates. A recent bloomberg.com story explains some of the reasons why. Check it out and let me know if you have any questions. http://www.bloomberg.com/apps/news?pid=20601213&sid=avwTwDBRtuwI&refer=home# Check out the rest of this week’s most important real estate news stories. http://www.car.org/media/pdf/Beyondtheheadlines_020509.pdf Contact me with any questions.
