Capital Markets UpdateBy Michael Mapes, the responsible mortgage lender There is good news on the capital markets front. While we are still seeing the major hedge funds and investment banks pull back from extending credit we are starting to see major improvements in the jumbo markets and a trickle of activity starting to return to the Alt A markets.How long will this last Hard to tell how long this will last. Best guess is that it is going to last until the 3rd or 4th quarter of 2008. While every one seems to know what the fix is. It is simply a matter of time while the standing inventory of homes and those beginning the foreclosure process work their way through the system.What kind of loans can be done today? The word on Wall Street is prime credit is king. The problem has...
Comments
0