Article: Home Loans ? Lenders Continue To Offer High-Risk Loans
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Home Loans ? Lenders Continue To Offer High-Risk Loans
Home prices in the Untied States continue to soar, and the remarkable run of real estate as the ?must have? investment continues. The median price of a new home, which only recently crossed the $200,000 barrier, is now $215,000. The high prices of homes haven?t deterred buyers; sales in June reached a record number of units. There is some concern in Washington about the explosive real estate market, and Federal banking regulators issued lending guidelines in May that urged lenders to be more cautious when lending money for home purchases. How have lenders responded to these guidelines?
They have made it even easier to borrow money.
It seems rather odd for lenders to make it easier to lend money after having been warned that they?ve been lending money too easil...
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