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Originally Posted by mikejr
So who or how will the hole in the market that the b/c market shakedown be filled? As you know, there is a huge pool of people needing loans that cannot get them now. What are your thoughts?
Personally, being that I specialize in selling REO properties for well over 30 different lenders/servicers/PMI companies, I kinda like the loose lending policies of the past. Means higher default rates which means more REO's for me to sell.
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Thoughts? Good news for our clients that on investment properties. Metro area rents have jumped from 70-80c/sq ft in the last few months. The people who can't get loans, will rent.