Saturday, March 2, 2013

Hurdles for Would-be Home Owners

Want a home loan?  Submit your fingerprints and grab a Snickers.  It's going to be awhile.

"It's very painful to be a borrower in a refi or a purchase's the relatively small number of approvals.  And I hate to say this, but it's probably going to get a little bit worse along those lines before it gets better."
--Rick Sharga, Carrington Mortgage Holdings, in a recent radio interview

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