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So there's some interesting news
in the real estate and mortgage industry this week let's take a look at it to see
how my compare to
few weeks ago this is Dave at titlesearch.com
in just today's headlines alone there were four
interesting pieces of news that put together
paint a picture of something we've seen before first of all that real estate sales
are down 5 percent
pretty significant number during the same period time
mortgage servicer complaints were
reported to be a hundred eighty thousand complaints by the CFPB the consumer
Finance Protection Bureau the newly enacted
group that is watching over the mortgage and real estate industry
at the same time Wells Fargo Bank has
created a new lending policy that
eases some of the borrowing standards some might even called this subprime
it’s a name we’ve heard before and last but not least first-time buyers affordability
is way off the charts in terms of low afford ability
these four same four factors preceded
the 2007 real estate bubble what does that mean for
the real state market going forward well it's too early to tell exactly what
these four things mean but the fact that they're all happening at the same time
and the same four factors occurred in 2006 and 2007
might be worth watching for real estate investors if you have more questions
about real state or title information
you can reach us at our website a titlesearch.com