West Michigan real estate agents say new FHA loan rules make ‘new buyers pay for the mistakes of the ancient buyers’
A minimum credit score and higher fees are among the new rules.
Read more on The Kalamazoo Gazette
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Tags: 'new, agents, buyers, credit score, estate, fha loan, kalamazoo gazette, loan, loan rules, michigan, michigan real estate, mistakes, real, real estate agents, rules, west, west michigan real estate
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With this changing regulatory climate, more lending institutions were eager to enter new markets, and real estate investors were drawn into new ventures by the favorable tax climate. During the early 1980s, ?developers poured money ... In San Francisco, for example, office-building values have generally held steady despite a 25% to 40% drop in rents because buyers expect legislated curbs on growth to quickly cure oversupply. Waldman and Cellis (1986), Wall Street Journal. ...