A couple of weeks ago we posted a blog titled, “Future of Lending – Who Will Fill the Gap?”    In yesterday’s (February 14th) Washington Post, an article by Dina ElBoghddy and Renae Marile titled “Refinancing unavailable for many borrowers”, is a much better discussion of the problem borrowers and lenders are starting to face because of the mounting numbers of people who have suffered credit problems or home valuation problems because of the current recession and problems in the mortgage industry and consequently can’t qualify to refinance.  Refinancing unavailable for many borrowers

The challenge and/or opportunity for lenders in the coming months and years with refinancing this large group of people who cannot qualify for a refinance transaction under the current lender guidelines or because home values have declined significantly, will be an interesting situation to watch.