The change in lending standards since the bust is hard to miss. In 2006, 16% of new home loans were subprime, meaning they went to borrowers with credit scores below 620. Last year, just 0.2% of new home loans were subprime, according to mortgage tracker Lender Processing Services.
For the original version including any supplementary images or video, visit http://www.usatoday.com/story/money/business/2013/09/11/housing-2008-financial-crisis-lehman/2780115/
Four Factors to Watch in Housing’s Rebound
Above, members of the Marines Corps. wait at Camp Pendleton in August. (Kevork Djansezian / Getty Images) Also See more stories X By The Times Editorial board September 15, 2013 California voters approved Proposition 12 five years ago, authorizing a $900-million bond issue to help military veterans buy homes and farms. But while the number of returning vets is still high, their interest in buying houses with state-backed low-cost mortgages isn’t. Last week, lawmakers passed a bill that would let voters amend Proposition 12 to shift two-thirds of the bonds none of which has been issued to building affordable apartments for veterans, with an emphasis on projects that align rental housing with services for residential property management maryland the homeless.
For the original version including any supplementary images or video, visit http://www.latimes.com/opinion/editorials/la-ed-vets-housing-bonds-20130915,0,7003285.story
A housing fix for California veterans
I hear more often now from builders, We pushed prices too far, she said. Consumers got sticker shock. 2. Inventories are still depressed.
For the original version including any supplementary images or video, visit http://blogs.wsj.com/developments/2013/09/16/four-factors-to-watch-in-housings-rebound/