Subprime borrowers facing tougher qualifications for mortgages
Thanks to relaxed lending standards, in recent years borrowers with bad credit -- such as a bankruptcy or a delinquent loan on their records -- found it relatively easy to get home mortgages.
Source: www.boston.com
Business digest
EAST LANSING - A joint venture involving San Diego-based Pierce Co. Inc. is buying four off-campus student housing communities near Michigan State University and Central Michigan University from Atlantis Campus Communities LLC. The $130 million, 3,516-bed, five-property portfolio includes four properties near the MSU campus: the Village at Chandler Crossings I, (scheduled to close by March 2007; ...
Source: www.lansingstatejournal.com
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