Why This Is Not Like 2008 Again Why is there a drastic difference between 2008 and now? In a post from RealtyTrac, they explain, “We changed the rules. We told banks they needed more reserves and that they could no longer underwrite toxic mortgages. It turns out that regulation — properly done — can help us navigate financial minefields.” What was different this time? The post mentioned above explains, “In 2008 the government saw the foreclosure meltdown as a top-down problem and set aside $700 billion for banks under the Troubled Asset Relief Program (TARP). Not all of the $700 billion was used, but the important point is that the government did not act with equal fervor to help flailing homeowners, millions of whom lost their homes to foreclosures and short sales. This time around the government forcefully moved to help ordinary citizens. Working from the bottom-up, an estimated $5.3 trillion went to the... #Bgroup #Prescott #Realtor #Homes #Smart

Why This Is Not Like 2008 Again Why is there a drastic difference between 2008 and now? In a post from RealtyTrac, they explain, “We changed the rules. We told banks they needed more reserves and that they could no longer underwrite toxic mortgages. It turns out that regulation — properly done — can help us navigate financial minefields.” What was different this time? The post mentioned above explains, “In 2008 the government saw the foreclosure meltdown as a top-down problem and set aside $700 billion for banks under the Troubled Asset Relief Program (TARP). Not all of the $700 billion was used, but the important point is that the government did not act with equal fervor to help flailing homeowners, millions of whom lost their homes to foreclosures and short sales. This time around the government forcefully moved to help ordinary citizens. Working from the bottom-up, an estimated $5.3 trillion went to the... #Bgroup #Prescott #Realtor #Homes #Smart - 928-227-8575
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