Some homeowners have had a difficult time qualifying for home equity
loans during the credit crunch because of falling home values.
Not exact matches
During the
credit crunch, alternative lenders — cash advance companies, accounts receivable funders, factors, and micro lenders — took advantage of the slowdown in bank
loan volume.
During the darkest days of the post-Lehman collapse and the ensuing
credit crunch, they granted less than 1 out of every 10
loan requests.
Personal
loans are now cheaper than my 10 yr fixed mortgage deal taken out
during the
credit crunch.
If Fannie Mae or Freddie Mac (you and I since the government took the over
during the peek of the
credit crunch) already «own your
loan», you are current with your payments, and your basic financial position is OK, what does it matter if your home is underwater?
Because many commercial and multifamily mortgages are 10 - year
loans, and little debt was issued in 2008
during the onset of the
credit crunch, mortgage maturities are 42 percent lower this year than last.
Thanks to solid gains in the lower end of the housing market, the first - time home buyer tax
credit, and the rebounding stock market, lenders in mid — 2009 began cautiously lending money beyond the safe Fannie Mae, Freddie Mac, and FHA
loans on which they relied for income
during the
credit crunch.