Craig Richardson
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Appearances Over Time
Podcast Appearances
He couldn't get a small mortgage for just the condo.
And that's pretty common.
People typically pay cash or go with riskier financing.
Tara Roach oversees Pew's housing policy.
She says it's hard to get a small mortgage because lenders don't like them.
They have fixed costs no matter the loan size.
To make it worth their while will likely take regulatory change.
Kersia still doesn't think $100,000 mortgages will be easy to find anytime soon.
I'm Caitlin Tan for Marketplace.
This isn't the first time that we've seen a little bit of a downturn in the economy.
And whenever we've seen this historically, our area does incredibly well.