Rebuilding Confidence in Credit Markets with Home Loans

Over the last few years, mortgage lenders have tighten the lending guidelines for home loans to the point where very few people actually qualify to refinance their home.  Bill Stone, of PNC Wealth Management, discusses how long it will take to see a return of confidence in the credit markets. 

Will the financial rescue package help lift America out of the recession?  Does the economic stimulus package go far enough to help distressed homeowner get back on their feet and avoid foreclosure?  How long will it take for TARP to help revitalize credit markets?  Consumer confidence remains weak, so easing home loan guidelines should help.

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