Thanks to HP insider PH for the info...
Important Notice Regarding Declining Market Areas
CitiMortgage has identified certain markets with declining values that may require adjustments to LTV/CLTV/HCLTV financing limits. The maximum LTV/CLTV/HCLTV for the product, program, and/or documentation process chosen will be reduced by at least 5%. We are currently not extending maximum financing on properties that are located in the counties listed below. List is updated quarterly. Last updated July 3, 2007:
Showing posts with label housing crash cities. Show all posts
Showing posts with label housing crash cities. Show all posts
September 06, 2007
CitiMortgage spells it out - here's their short list of crashing home price counties (where they have offices) that they're scared to do new mortgages
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