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October 7th, 2008

Q&A on the Bailout



Here’s a good (and short) question and answer piece on the recently-passed ‘bailout’ bill. Sample question:

Will tight lending ease and stabilize falling housing prices and the housing market? Will it ease consumer and commercial credit?

If the bailout succeeds, within weeks consumers likely will find it easier to get mortgages and other consumer loans. But lending standards – especially in relation to home loans – aren’t likely to loosen to levels that preceded the financial crisis. Lenders will continue to place added scrutiny on borrowers’ ability to repay, closely looking at credit scores and incomes. Down payments for all types of loans are increasingly important now and likely will remain so.

We’ll be seeing a lot of these in the days and weeks to come — this bill is that huge, not just in its 451-page size, but its impact on our economy.

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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