Weaker Credit Home Buyers - REO Property Preservation Forum
 
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post #1 of 4 (permalink) Old 04-11-2013, 12:28 PM Thread Starter
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Weaker Credit Home Buyers

Obama pushes for home loans for weaker credit holders. Whats your take? If this succeeds will this be good or bad for the P&P industry? Will the flooded foreclosure market possibly drive the infamous "price list" up? or down more?
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post #2 of 4 (permalink) Old 04-11-2013, 06:01 PM
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What new guidelines have they put in place to avoid the results of the last lending boom? The answer is a single numeral similar to the letter "O".
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post #3 of 4 (permalink) Old 04-11-2013, 07:42 PM
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will we still be doing this in 7 years???????
That will be about how long it takes for everything to go belly up

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post #4 of 4 (permalink) Old 04-12-2013, 02:06 PM
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I guess it depends on weaker. You could be making a good living out here in Cali and have a b+ credit score having stayed out of most of the mess, and STILL not be able to buy a home. I think it would be good to open it up a little bit, but "sub-prime" would really be the thing that would be the height of stupidity.

I'm all for the banks coming up off of some of the money the American people ahave effectively lent them at 0% interest. It just has to go to people who need a lift and have shown they can handle a loan properly.
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