Tightening Credit?

Readers suggested a topic on current credit trends. “Tightening Credit? Is anyone seeing/feeling this in your area. Some of our local banks are still pushing zero down 100% home loans with a good credit score. Chase is still pushing 0% C.Cards on transfers up to 15 months… 6.9% fixed.Just had that offer last week. COFED Bank of Colorado is sending out a big push for first time home buyers.”
From a lender. “Well, there are loan-peddlers, and then there are lenders. I could shut down my lending window for a number of years, so long as my clientele don’t all simultaneously decide to pay off the principal. Loan-peddling, an occupation even more unproductive than mine, is dying a well-deserved death.”
…
Original Source: thehousingbubbleblog.com

  29 March, 2008| housingblogs | @ 18:31

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