Housing Crisis Projected To End This Year
DSNews.com: Relaxed mortgage credit standards may be a central factor in helping the housing crisis to come to an end this year. At least that's the prediction of one financial analytics firm. Capital Economics in a report released on Tuesday noted that the while the average credit necessary to get a mortgage is around 700, it's been constant over the past year. In addition to this, the LTVs (Loan-to-Value) ratios have increased considerably to an average of 82 percent from a stark 74 percent nearly 2 years ago. More details of the story are here: http://tinyurl.com/77fka4d.
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