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Mix-Ansicht- FANNIE zieht Fertighäuslebauern die Daumenschrauben an:-) - Das_Orakel_aus_Oberlahnstein, 12.09.2003, 06:35
FANNIE zieht Fertighäuslebauern die Daumenschrauben an:-)
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Concerned about rising loan delinquencies and foreclosures, Fannie Mae has
begun requiring a 10 percent down payment for 30-year mortgages on such homes,
plus a fee of one-half of 1 percent of the loan amount.
Previously, people could put no money down and paid no fee.
(...)
According to Fannie Mae's Deborah Tretler, the changes were prompted by a
spike in delinquencies and foreclosures on manufactured home loans.
That came after many home sellers and lenders in the late 1990s extended loans
to buyers with poor credit histories or not enough income to pay their
mortgages, industry experts say.
"We don't serve borrowers well when it is easy for a borrower to get into a
home under very flexible terms, only to have them lose their home,
their credit ruined and their homeownership dreams turned into a nightmare,"
said Tretler, vice president of single-family homes.
Lance George, research associate for the private Housing Assistance Council, said of the changes:
"In some remote rural areas, that will knock people out" of the housing market.
But he also said,"It's not all Fannie Mae's fault. It's the industry.
They let a lot of the retailers go wild and give loans to everyone."
(...)
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Au Backe!
Grüße aus OL
<ul> ~ YAHOO-!FINANCE</ul>
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