Not exact matches
As
tight lending standards continue to lock many would - be buyers out of the market, one company plans to crack open the door to homeownership by providing crowdfunded down payment assistance
from investors in exchange for a slice of a buyer's home equity.
Ultimately B.C.'s new tax will likely fail to cool the overheated market for the same reason every other effort to date —
tighter mortgage
lending standards, larger down - payment requirements, jawboning bordering on pleading
from the Bank of Canada — has failed.
The Fed also warns in the white paper to lawmakers that the «extraordinarily
tight» mortgage
lending standards is also harming the real estate market and keeping many
from home ownership.
«
Tight inventory is limiting choices in many areas, higher mortgage interest rates mean affordability isn't as favorable as it was, and restrictive mortgage
lending standards are keeping some otherwise qualified buyers
from completing a purchase.»
Although the current duopoly is much healthier than in 2008 thanks to fee increases and
tighter lending standards, the current system suffers
from added costs and unhealthy competition.