- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Current housing surge vs. last decade's housing surge
Posted on 7/22/14 at 6:52 am to ironsides
Posted on 7/22/14 at 6:52 am to ironsides
I'm not in the industry anymore (i used to be a mortgage wholesaler).
I don't think credit score/history requirements are that strict right now.
I don't think the reserve/asset requirements are that strict right now (there are still gift programs for 100% loans).
But the income requirements are absolutely tougher.
Ability to pay is much more important than a desire to pay. During the downturn, 700 and 800+ credit scores were foreclosing. It is one of the side effects of large scale unemployment.
I don't think credit score/history requirements are that strict right now.
I don't think the reserve/asset requirements are that strict right now (there are still gift programs for 100% loans).
But the income requirements are absolutely tougher.
Ability to pay is much more important than a desire to pay. During the downturn, 700 and 800+ credit scores were foreclosing. It is one of the side effects of large scale unemployment.
0
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News