Tougher Underwriting Requirements Still Holding Back Home Sales, New IMF-Sponsored Study Finds
July 9, 2009
Mortgage-related issues are continuing to put a damper on home sale activity in 2009, according to a new Inside Mortgage Finance-sponsored study. And joining tougher mortgage underwriting as a major obstacle to buying a home are the newer problems of rising mortgage rates and lower appraisals. The new research is based on a nationwide survey of more than 1,500 real estate agents...