Upside Down Mortgage

Mortgage Help Gov

Question: Do you think mortgage lending is gonna get harder for the American public to get loans?

What with all that has happened in the market? How will this affect gov loans like VA and FHA?

Answer: Yes because of banks getting greedy and just giving out huge loans to individuals who quite frankly had no real way of affording them. Moreover, banks are cringing right now because even individuals with good credit ratings are getting denied loans. Thus, there is shrinking of of the pool of VA and FHA loans.

Mortgage Bankers Push For Gov't Help - Bloomberg

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