Mar 31st	A Few Noticeable Real Estate Trends That We are Seeing Here in Santa Barbara, California – April 2009
2009	Categories: Random Thoughts & Opinions

1.  Borrowers are still having a harder time getting a mortgage. During the housing boom from 1999 to 2006, mortgages were more than easy to obtain by almost anyone.  Today, the daily news now shows that these risky lending practices have come back to bite the companies who profited from millions of bad loans, and many of the larger mortgage companies (including giants such as Countrywide, Fannie Mae and Freddie Mac) have landed on tough times.  As a result, U.S. banks have tightened their lending standards and for the most part are still hesitant except for very well qualified buyers... Read more

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