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Real Estate & Property Law

: Housing Wire

Fed: Residential Mortgage Values Slip 6% in 2008

By DIANA GOLOBAY

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Mortgage lenders seemed to hesitate in 2008 as the full extent of the credit crisis continued to unwind on their balance sheets. The value of residential mortgages held by banks in 2008 fell 6% as credit standards tightened and demand for new loans weakened across the industry, according to a Federal Reserve report filed this week. Lending [...]

Full post as published by Housing Wire on June 04, 2009 (boomark / email).

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