What is happening today in mortgage lending:
Just when we thought the DPA's would soon become a thing of the past, new hope comes. Check out this article from Fox Business. Also in case your are wondering what bipartisan means...Representing or supporting by two parties. The way they throw the word bipartisan around the more I have to remind myself what it really means.
AmeriDream Applauds Bipartisan Legislation to Preserve Charitable Downpayment Assistance
http://www.foxbusiness.com/story/ameridream-applauds-bipartisan-legislation-preserve-charitable-downpayment/
I was reading this article and I had to ask myself what in the world were Lenders thinking when they came out with some of these programs? Do you remember a year ago when we woke up one morning and it felt like the whole bottom came out from what we had been doing in mortgage lending? If we had only know then what we know now or maybe it was best we didn't know. Check out this article.
In mortgage crisis, look for the signs of recovery
http://www.signonsandiego.com/news/business/calbreath/20080803-9999-1b3dean.html
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