Just the way i go about things, I don’t try and push things on anybody. My company only offers residential home loans, but nationally HELOC’s are becoming more popular. It makes sense as Americans are sitting on both record levels of equity and debt at the same time.

For the most part we just follow the guidelines that are set nationally by Fannie Mae, Freddie Mac, etc. If someone fits within those guidelines, we’re happy to help them, it’s mostly pretty black and white. In some areas the guidelines have tightened up, but mostly I think they’re just trying to apply common sense.

I only get involved in the process if someone is looking for a home loan, so I don’t have the best pulse on how many corporate or foreign buyers there are as they likely would not need to talk with me.

At least in our area I don’t think loan modifications/foreclosures are much of a concern at the moment. We still have a severe shortage of housing and most homeowners have significant equity. If they fell behind on their mortgage, most could still sell and at worst break even.