Real Estate WEALTH Magazine Real Estate WEALTH Magazine - DOWNLOAD IT HERE! | Page 31

2017. Buyers are shopping, investors are hunting
for deals, sellers are listing high, and real estate and
mortgage professionals and businesses are injecting
masses of capital into new marketing campaigns to
claim a share of the action.
The general consensus is that this flurry of confi-
dence and activity will carry the market through the
majority of the next four to eight years and beyond.
LENDING CAPS
The rise of property
values and transaction
activity may only be
hindered by access to
credit and affordabil-
ity. President Trump
has been very vocal
about easing the ability
to lend and borrow,
specifically for home
buyers and small
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businesses. A return to the ‘good old days’ of easy
sub-prime lending might be welcomed by many. Yet,
banks and big funds have already established new
channels for putting capital to work, and avoiding the
risk of direct consumer lending. They are currently
far happier loaning to real estate investors than retail
home buyers, and that’s showing up in underwriting
and mortgage approvals.
Some investment property lenders are again offer-
ing 100% financing and stated income loans. That’s a
combo most home buyers may have to
wait a little longer for. Meanwhile Fan-
nie Mae and Freddie Mac have public-
ly announced that they intend to loan
billions this year, as they blow through
lending caps, thanks to exemptions for
‘affordable’ housing projects.
Hopefully the powers that be will
be able to gracefully maintain balance >
Continued on pg. 122

PAGE 31 • 2017

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