Will you be able to get a loan next year?

Loan products keep dying.

They have been dying for the past 2 years and are vanishing even more lately. Last year we saw banks going out of business right before loans were scheduled to close. Subprime loans disappeared last year. And now in the past 6 months I have watched banks reduce people’s credit lines to the amount they owe! Why are they doing this? They are trying to eliminate risk.

Loan Risks have Increased: According to KSL news, in a recent article, http://www.ksl.com/?nid=148&sid=6921232 FHA risk has increased 8 fold.

Relocation Industry is having new loan problems

Fanniemae has changed their policies to not allow trailing incomes. In the past, when a family relocated Fanniemae