The move comes as a response to anticipated dull market conditions
The two are part of its efforts to minimize taxpayer risk by increasing private capital’s role in the mortgage market
When banks shut down lending in 2008 cash was certainly king all the way through the end of 2009. The FDIC’s bank task forces were shutting down banks daily, and those who were able to step up with cash were winning in a big way.
Building business relationships is not just about sweat equity. Working hard at building solid business relationships is a prerequisite for success, to be sure, but it doesn’t guarantee that you’re landing your deal. You must recognize the variety of financing options a business may benefit from as the market fluctuates and the needs of businesses change.
Try to imagine a real estate market without real estate brokerages or an MLS. It would be like the Wild West all over again with no restrictions, no law, and no way to determine what your real estate is really worth. Welcome to the real estate market in Cuba.