With the slump staggering into a third year, buyers are having trouble getting home loans because lenders are tightening credit standards, and the surge of mortgage defaults and foreclosures is adding.
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the new money and credit overwhelmingly found its way into the housing market, where artificially lax lending standards made excessive home purchases and speculation in homes seem to many. (because.
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Mike Larson, a real-estate analyst with Weiss Research in Jupiter, said those who must move might no longer have a choice. "If you bought in many Florida. with people who want to move, but in order.
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Money flowed freely for construction, with much of the debt ending up with two small, out-of-state credit unions loaning to people who were nominally qualified to be members. Meanwhile, a deal Logue.