Good news for the short run, but....
Started by 30yrs_RE_20_in_REO
over 7 years ago
Posts: 9819
Member since: Mar 2009
Discussion about
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https://therealdeal.com/2017/12/01/relaxed-standards-open-options-for-home-buyers/ The relaxing of standards will certainly widen the pool of potential buyers, especially at the lower end. OTOH, this is exactly the type of thing which led to the 2007 crisis. It's also the type of thing which makes it much easier for people to walk away from properties (because they are already under water - when you take into account closing costs - as soon as their purchase is closed.)