GoFuckYourself.com - Adult Webmaster Forum - View Single Post - This administration is about to push a 2008 style crash ALL OVER AGAIN!!!

PornMD · 08-25-2011, 02:28 PM

As others have said, this is for refinances. You bet your ass on new purchases that they will continue to be clamped down. I'd be surprised if they'd give anyone a loan without 10+% down payment right now. As it is they even have limits on who they are willing to help on underwater mortgages - 125% LTV, which given a lot of people's homes went down a lot more than 25%, cuts a lot of people out.

Low interest rates weren't the culprit. Stated income loans, certain ARMs and other shit they tried to specifically lure in people who couldn't afford a home with were the real culprits. It didn't help on the refi side that lenders were doing underhanded shit to get boosted appraisals done.

08-25-2011, 02:28 PM
PornMD Mainstream Businessman Industry Role: Join Date: Jan 2007 Location: San Diego Posts: 9,291	As others have said, this is for refinances. You bet your ass on new purchases that they will continue to be clamped down. I'd be surprised if they'd give anyone a loan without 10+% down payment right now. As it is they even have limits on who they are willing to help on underwater mortgages - 125% LTV, which given a lot of people's homes went down a lot more than 25%, cuts a lot of people out. Low interest rates weren't the culprit. Stated income loans, certain ARMs and other shit they tried to specifically lure in people who couldn't afford a home with were the real culprits. It didn't help on the refi side that lenders were doing underhanded shit to get boosted appraisals done. __________________ Want to crush it in mainstream with Facebook ads? Hit me up.