Home › Forums › Housing › The government should get out of the business of providing 100% money-back guarantees
- This topic has 5 replies, 2 voices, and was last updated 16 years, 9 months ago by NeetaT.
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December 13, 2007 at 4:15 AM #11192December 13, 2007 at 5:15 AM #115828NeetaTParticipant
“For mortgages, I’d actually like to see the GSEs scale back to an 80% guarantee up to $417,000. If a lender wanted to take the risk on that last 20%, they would be free to do so. However, most likely, this would force lenders to go back to requiring 20% down and we would quickly see the home-buying market go back to normal.”
Isn’t this the way banks are headed? I mean back to the 20% down concept. I haven’t heard anything corroborating what I hope happens, but it seems like the logical thing to do. Practicing this concept may be the only way to assure investors that they are making a good investment in the mortgage bundles.
December 13, 2007 at 5:15 AM #115960NeetaTParticipant“For mortgages, I’d actually like to see the GSEs scale back to an 80% guarantee up to $417,000. If a lender wanted to take the risk on that last 20%, they would be free to do so. However, most likely, this would force lenders to go back to requiring 20% down and we would quickly see the home-buying market go back to normal.”
Isn’t this the way banks are headed? I mean back to the 20% down concept. I haven’t heard anything corroborating what I hope happens, but it seems like the logical thing to do. Practicing this concept may be the only way to assure investors that they are making a good investment in the mortgage bundles.
December 13, 2007 at 5:15 AM #115992NeetaTParticipant“For mortgages, I’d actually like to see the GSEs scale back to an 80% guarantee up to $417,000. If a lender wanted to take the risk on that last 20%, they would be free to do so. However, most likely, this would force lenders to go back to requiring 20% down and we would quickly see the home-buying market go back to normal.”
Isn’t this the way banks are headed? I mean back to the 20% down concept. I haven’t heard anything corroborating what I hope happens, but it seems like the logical thing to do. Practicing this concept may be the only way to assure investors that they are making a good investment in the mortgage bundles.
December 13, 2007 at 5:15 AM #115996NeetaTParticipant“For mortgages, I’d actually like to see the GSEs scale back to an 80% guarantee up to $417,000. If a lender wanted to take the risk on that last 20%, they would be free to do so. However, most likely, this would force lenders to go back to requiring 20% down and we would quickly see the home-buying market go back to normal.”
Isn’t this the way banks are headed? I mean back to the 20% down concept. I haven’t heard anything corroborating what I hope happens, but it seems like the logical thing to do. Practicing this concept may be the only way to assure investors that they are making a good investment in the mortgage bundles.
December 13, 2007 at 5:15 AM #116033NeetaTParticipant“For mortgages, I’d actually like to see the GSEs scale back to an 80% guarantee up to $417,000. If a lender wanted to take the risk on that last 20%, they would be free to do so. However, most likely, this would force lenders to go back to requiring 20% down and we would quickly see the home-buying market go back to normal.”
Isn’t this the way banks are headed? I mean back to the 20% down concept. I haven’t heard anything corroborating what I hope happens, but it seems like the logical thing to do. Practicing this concept may be the only way to assure investors that they are making a good investment in the mortgage bundles.
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