LenderStreet's columnists (that's us over there) join forces with lenders in your area to keep tabs on the mortgage market. Together we offer timely insights toward a positive loan experience.
The numbers are in ladies and gentlemen, and things aren’t too pretty for the housing market. After reading a brief AdAge stat card report on the latest census and how it affects marketers, it appears that the housing market collapse was well documented.
So what does this mean for you, the borrower? If you are borrowing from a juggernaut organization like Freddie Mae or Fannie Mac, need not worry. Both Mae and Mac are only under a federal government guardianship of sorts and are still, “legally separate from the federal government.”
Just remember that if you're trading up, make sure it's a move that you can afford. Just like you figured out with your starter home that you were going to be able to afford the mortgage...