Rich Weese
Commercial lenders are tightening their requirements
I just had an apartment transaction fall through yesterday due to changes in lenders requirements for buyer. The lender reduce the loan amount by $1 million and required a reserve account set up for 12 months P ITI, $...
Matthew Crivelli
-Credit markets are continuing to tighten -
The private lending world is rapidly changing, the once readily available private 30 year financing will continue to become harder & harder to obtain. Credit requirements are getting WAY more stringent. Say I hav...
Michel Lautensack
Struggling Banks Tightening Credit to U.S. Businesses
Struggling banks are tightening loans to U.S. businesses. We saw the signs in mid-June and it seems to be getting harder and harder for healthy and growing businesses to get financing. If banks continue on this path o...
Geetha R.
Tightened lender requirements in current COVID situation
Hello fellow investors,
We have been investing single family homes in Charlotte and nearby areas. The lenders we were working with, are currently asking for more than 30% down payment because of their concern over th...
Carlos Ptriawan
Fannie Mae tightens standards on investment properties
After reading this news, it seems moving forward investment property financing is only available from HML or banks but with higher interest rate/origination fee? Thought?https://www.housingwire.com/ar...
Jewel B.
Tightening the Tool Belt: How to Get Handy
Happy Weekend everyone,How do all you DIYers and handy folk and husbands learn how to do all this stuff? I've taken some basic classes in a variety of things just aimed at homeowners doing some repairs and home projec...
DeWitt Gibson
Fannie Mae tightens lending standards on Investment Homes
We have been discussing this at my office all day. I don't know much as this point, but here's what I know: "Fannie Mae is tightening the underwriting criteria for second homes and investment properties, the governmen...
Jason Breton
Exiting a House Hack with tightening Airbnb regulation
I own a duplex in Denver. Living in 1 unit and renting the other on Airbnb. My intention was to rent on Airbnb upon exiting the property. That seems risky now considering the current trajectory of regulation in the ci...
Carlos Diaz
Are investors tightening their criteria for buying due to Covid?
Before Covid-19 we were consistently able to sell assignments up to 80% - 85% of ARV minus repairs/holding. Since Covid, we've seen a small pullback and tightening of buying restrictions from investors? Has this been ...
Tariq Hakeem
Fannie Mae tightens standards on investment and 2nd home property
This upcoming change from FNMA will restrict lenders to a maximum of 7% of their loans as investment properties and second home transactions. The easiest way for a lender to restrict transactions is to increase their...