I really liked a new blog post I found recently about all of the changes in lending,  New World of Lending: 2009 Economic Forecast

Some of the facts in the post I found to be a little hard to swallow but unfortunately completely believable.  One sad fact is that, yes, down payment assistance programs have been pretty much abolished.  What about investors that are qualified from a track record standpoint but just can’t swing a 15-25% down payment?  Money does indeed talk in the U.S. credit market.  How will commercial real estate investors survive the ‘New World of Lending?’

Another fact for buyers that I found interesting was that there are 71% fewer mortgages available than a year ago. Also not a surprise. But the question is:

What is the future for the mortgage companies? How will they survive the ‘New World of Lending?’

Any further thoughts on the future of the lending environment in either the U.S. or Internationally? Please share your insights.