CR over at the Calculated Risk blog tackles the newest meme among borrowers — walking away, even if loans are recourse, in order to get into a now-devalued (and cheaper) house. What’s amazing is that this can even happen; it’s not that hard to find out if a borrower has another mortgage.
There’s a credit pull for that
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Two charts that explain why Texas housing markets have stalled
Relatively cheap housing, low taxes, looser COVID-19 restrictions and an influx of major employers turned Texas housing markets into hotspots after the pandemic began in March 2020.
