Dallas Real Estate and Short Sale Blog: October 2012

Mortgage Lenders See Tighter Credit in Wake of New U.S. Rules

We're finally getting the housing market going again and now new Federal Regulations may make it even harder for buyers to obtain a mortgage.

Mortgage bankers and Realtors are warning that it could become even harder for borrowers to qualify for a home loan early next year as the industry faces a barrage of new rules.

Read more: Mortgage Lenders See Tighter Credit in Wake of New U.S. Rules

We'll have to wait and see what impact this has on our fragile housing recovery.

Source: San Francisco Chronicle

Originally posted at http://www.thebranchteam.com/wordpress/2012/10/24/mortgage-lenders-see-tighter-credit-in-wake-of-new-u-s-rules/

 

Tom Branch and Gina Branch, The Branch Team with RE/MAX Dallas Suburbs, service the greater North Dallas suburbs including Dallas, Plano, Allen, McKinney, Frisco, Lewisville, and Carrollton.  While Gina concentrates on traditional listings and buyer/tenant representation, Tom specializes in assisting distressed homeowners to avoid foreclosure.  Tom and Gina have published two books (Achieving Rock Star Status and The Field Guide to Short Sales) and are available for speaking engagements in the greater Dallas - Fort Worth Metroplex. Subscribe to The Branch Team Blog.

Follow Us on Facebook          View Our LinkedIn Profile         

Copyright 2009-2013 - The Branch Team
The Branch Team - Texas Real Estate Broker 547597 | Team Members are Texas Licensed Real Estate Professionals
Tom Branch - National Mortgage Licensing System 341963
  

The Branch Team - Named Top Producers in Dallas by D Magazine

Important Notice: The Branch Team with RE/MAX Dallas Suburbs is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental.

Protected by Copyscape Web Plagiarism Tool

Comment balloon 1 commentTom Branch • October 24 2012 07:45AM
Mortgage Lenders See Tighter Credit in Wake of New U. S. Rules
share
We're finally getting the housing market going again and now new Federal Regulations may make it even harder for buyers to obtain a mortgage. Mortgage bankers and Realtors are warning that it could become even harder for borrowers to… more
Drive Your Dream
share
At 53, I've had the chance to own and drive a number of really cool cars--Porsche, Audi, BMW and an assortment of American muscle cars (my 68 Pontiac Firebird was one of them). Sunday afternoon changed all of that! Gina purchased a "… more
Find My iPhone - The Essential App
share
Last week Gina misplaced her iPhone. Usually this would not be a huge problem but we were leaving town the next morning for several days. I had installed the "Find My iPhone" app on my phone and iPad but had not yet updated her phone. &… more
Buyers, Buyers Everywhere But Few Sellers in Sight
share
While the rain drought in the greater Dallas area appears to be over, the number of available homes for sale continues to dry up. Buyers who have been sitting on the fence for two years are finally in the market but are finding few homes for sale… more
How Did You Wind Up In Sales?
share
Many of my friends and acquaintances often ask me, “How did you wind up in sales? ” It was not a chosen career but rather a process that took me here. Fate happened in 1995. I was looking for a new career challenge and I agreed to accept… more