In the aftermath of a housing crisis built on easy credit, today’s tighter credit standards are widely accepted. But just how fine a comb lenders put to loan applications can be surprising. California Realtor Scott G. Harrison tells the story of a recent buyer with a pending contract on a […]
Tag: Scott J. Brown
Washington Fix Unlikely Even As Home Prices Fall
Rep. Dennis Cardoza, a fifth-term Democrat from California’s Central Valley, doesn’t need an economic indicator to describe the state of the housing market. Three cities in his district—Modesto, Stockton and Merced—have foreclosure rates among the ten worst in the country. Seventy percent of Central Valley homeowners are underwater on their […]