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Real Estate
The Real Estate Adviser |
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December 6, 2007
The Real Estate Adviser: Here's a plan for tough loan times
By TOM KELLY
Special to the Journal
Special to the Journal
Various segments of the housing industry have floated “what-if” balloons regarding possible solutions for the national mortgage mess.
The latest has been the Bush administration's roundtable discussion with lenders about the possibility of extending lower, introductory rates on mortgages to borrowers with poor credit histories who were either misled into taking on a risk they could not afford, or genuinely did not understand the consequences of an upwardly adjusting loan in a down market.
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Previous columns:
- The Real Estate Adviser: Foreign buyers snap up homes in the U.S., 11-29-2007
- The Real Estate Adviser: CityCenter: No housing slowdown in Vegas, 11-23-2007
- The Real Estate Adviser: Reverse mortgage now an option at 60, 11-15-2007
- The Real Estate Adviser: Mortgage brokers ‘are facing extinction', 11-08-2007
- The Real Estate Adviser: Pre-pay model from Australia worth a look, 11-01-2007
- The Real Estate Adviser: Condo sales centers team up in retail stores, 10-25-2007
- The Real Estate Adviser: Bob Bruss: ‘Dear Abby' of real estate columnists, 10-11-2007
- The Real Estate Adviser: How far will Zillow go with mortgages?, 10-04-2007