Countrywide Soft Market County Index

Kingman just hit the top of a list and not a good one, we're a category 5. This is a list countrywide is using for lending criteria. The categories mean for loans:

For Countrywide Purchase Loans:
Soft Market Category 4-5 loans: Maximum financing will be reduced by 5%

Soft Market Category 1-3 loans: Maximum financing will be reduced by 5% if the appraisal or appraisal review indicates any of the following: Declining Market, Oversupply, Marketing time over 6 months.

For Countrywide Home Equity Loans:

Soft Market Category 5 loans: Maximum financing will be reduced by 10%

Soft Market Category 4 loans: Maximum financing will be reduced by 5%

Soft Market Category 1-3 loans: Maximum financing will be reduced by 5% if the appraisal or appraisal review indicates any of the following: Declining Market, Oversupply, Marketing time over 6 months.

Here is the complete chart:
https://www.cwbc.com/ContentManaged/files/SoftMarkets.pdf