California Home Buyers With Even The Best Credit, Are Having A Hard Time Getting Mortgages
SOURCE: Market Watch
Concerns over California real estate could send the state's economy into recession.
California as well as other high-cost areas of the U.S. have seen borrowers with great credit using subprime-style gimmicks. Overpayment for homes using these gimmicks with jumbo sized loans could total a loss of $2.6 trillion statewide.
Overall, the typical Californian homeowner could see a $200,000 loss in wealth with the drop in home values.
Read full report »
Concerns over California real estate could send the state's economy into recession.
California as well as other high-cost areas of the U.S. have seen borrowers with great credit using subprime-style gimmicks. Overpayment for homes using these gimmicks with jumbo sized loans could total a loss of $2.6 trillion statewide.
Overall, the typical Californian homeowner could see a $200,000 loss in wealth with the drop in home values.
Read full report »
