Rob Chrisman reports that Citigroup is set to — finally — eliminated stated-income lending, including so-called SISA and SIVA programs. Our question: really? Citi went into 2008 still making those loans?
Paul Jackson is the former publisher and CEO at HousingWire.see full bio
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First-time buyers are the missing link in today’s market
First-time homebuyers are being structurally locked out of the market by soaring income requirements and moving-target down payments. Because real estate operates as a chain of sequential transactions, this missing entry-level buyer is the root cause of today’s frozen inventory and stalled volume.
Paul Jackson is the former publisher and CEO at HousingWire.see full bio