Affluent defaulters have trouble finding new financing

Well-to-do homeowners who were foreclosed on in recent years -- including those who defaulted intentionally -- and are looking to buy property again face long waiting periods, higher down payments and higher interest rates if they find lenders willing to work with them. Experts say lending could become more flexible next year, based on a recent rule that allows some borrowers to be eligible for new loans as soon as one year after foreclosure.

View Full Article in:

Wall Street Journal (tiered subscription model), The

Published in Brief:

SmartBrief Job Listings for Government & Nonprofit

Job Title Company Location
Contracts Manager
Aurora Flight Sciences
Bridgeport, WV
Director, Space Systems
Aerospace Industries Association (AIA)
Arlington, VA
Manager Supply Chain Logistics
FedEx Express
Los Angeles, CA
General Manager, Training and Simulation
Pacific Sky Aviation Inc.
Victoria
Senior Vice President, Policy and Practice
International Rescue Committee
New York, NY