A Good Sign For The Residential Real Estate Market
In a message to me today by my Hinsdale-based mortgage partner:
In the first sign of a movement in less restrictive lending standards one of our MI companies removed the Chicago area from the declining/distressed markets list along with 100+ other metropolitan areas. The appraisers can still note that the property is in a declining market but this makes life much easier for MI deals.
FYI
Tony Pigatti
Vice President Residential Lending
Archer Bank
Office #708-237-4049
Cell #630-254-8946
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