Just curious and wondering electronically.
Does anyone else think the residential markets will see more vendor finance deals as a consequence of banks stricter approach to lending?
The flow of readily available credit slows down because the banks have tightened their lending criteria, No docs and Low doc loans are a dying breed. Banks are returning to their core business (lower risk lending).
Does anyone else think the residential markets will see more vendor finance deals as a consequence of banks stricter approach to lending?
The flow of readily available credit slows down because the banks have tightened their lending criteria, No docs and Low doc loans are a dying breed. Banks are returning to their core business (lower risk lending).