Survey Says Americans Have No Faith in Lenders
Friday, June 13, 2008
by Michael Peron
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Housing Predictor, a research company that conducts real estate-related polls, has released a new survey which indicates that 56-percent of Americans interviewed for the research project say they’ve lost faith in mortgage lenders.
In addition, only a few of those polled believe the U.S. government is any shape to resolve the crisis. When asked if they believe Congress can resolve the real estate slowdown, 81-percent said “No,” while 19-percent said “Yes.”
Housing Predictor says the survey shows many Americans are dismayed over the recent actions of certain institutions in the mortgage lending industry.
The research company elaborated on this saying, “The online survey indicates a massive change in the way American consumers regard banks and other lending institutions, displaying disapproval for the way mortgage lenders conducted themselves liberally making home loans to consumers with little regard to others, who their actions may affect. The freewheeling lending standards are at least partially to blame for the U.S. mortgage crisis, which has expanded to affect the nation’s overall economy.” Kerri Panchuk | 06.03.08
In addition, only a few of those polled believe the U.S. government is any shape to resolve the crisis. When asked if they believe Congress can resolve the real estate slowdown, 81-percent said “No,” while 19-percent said “Yes.”
Housing Predictor says the survey shows many Americans are dismayed over the recent actions of certain institutions in the mortgage lending industry.
The research company elaborated on this saying, “The online survey indicates a massive change in the way American consumers regard banks and other lending institutions, displaying disapproval for the way mortgage lenders conducted themselves liberally making home loans to consumers with little regard to others, who their actions may affect. The freewheeling lending standards are at least partially to blame for the U.S. mortgage crisis, which has expanded to affect the nation’s overall economy.” Kerri Panchuk | 06.03.08


