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Friday, March 5, 2010

Fw: Inman AM: Damaged credit a dilemma for lenders

John Rose
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From: "Inman News Headlines" <dailynews@inman.com>
Date: Fri, 05 Mar 2010 03:59:00 -0800
Subject: Inman AM: Damaged credit a dilemma for lenders

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Friday, March 05, 2010

Premium Members Damaged credit a dilemma for lenders
Part 3: 'Rebuilding Homeownership.' By MATT CARTER While bankruptcies and foreclosures could lock millions of would-be homebuyers out of the real estate market, the long-term impacts may depend on whether lenders are willing to make allowances for previously responsible borrowers who lost their home through circumstances beyond their control. But ask lenders if, when the economy recovers, they'll be willing to make allowances for borrowers who may have been victims of circumstance, and the silence is deafening. More »

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Premium Members "If they are going to start getting paid for their advice, they can't do that with a real estate license. As long as they're not getting paid for it, a lot of agents will provide ... help with credit for prospects down the road." --Tom Pool


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