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  • March 22, 2008 at 2:43 PM #12211
    Mark Holmes
    Participant

    So an article in the UT today: Banks less willing to roll out welcome mat on home loans. Link:

    http://www.signonsandiego.com/uniontrib/20080322/news_1b22crunch.html

    All I can say is it’s about f#%&ing time. Maybe without bank willing to loan ridiculous amounts in San Diego, we’ll hasten the return to rational prices.

    March 22, 2008 at 3:35 PM #174751
    tc
    Participant

    Great news for us that have been working hard to save up a down payment.

    March 22, 2008 at 3:35 PM #175103
    tc
    Participant

    Great news for us that have been working hard to save up a down payment.

    March 22, 2008 at 3:35 PM #175105
    tc
    Participant

    Great news for us that have been working hard to save up a down payment.

    March 22, 2008 at 3:35 PM #175116
    tc
    Participant

    Great news for us that have been working hard to save up a down payment.

    March 22, 2008 at 3:35 PM #175204
    tc
    Participant

    Great news for us that have been working hard to save up a down payment.

    March 22, 2008 at 3:35 PM #174756
    an
    Participant

    Anyone in the loan biz can confirm this? If this is true and we’re back to 20% down minimum, this would remove a lot of first time buyer from the market.

    March 22, 2008 at 3:35 PM #175109
    an
    Participant

    Anyone in the loan biz can confirm this? If this is true and we’re back to 20% down minimum, this would remove a lot of first time buyer from the market.

    March 22, 2008 at 3:35 PM #175111
    an
    Participant

    Anyone in the loan biz can confirm this? If this is true and we’re back to 20% down minimum, this would remove a lot of first time buyer from the market.

    March 22, 2008 at 3:35 PM #175122
    an
    Participant

    Anyone in the loan biz can confirm this? If this is true and we’re back to 20% down minimum, this would remove a lot of first time buyer from the market.

    March 22, 2008 at 3:35 PM #175209
    an
    Participant

    Anyone in the loan biz can confirm this? If this is true and we’re back to 20% down minimum, this would remove a lot of first time buyer from the market.

    March 22, 2008 at 3:56 PM #174771
    DoJC
    Participant

    According to my loan agent: new Fannie Mae rules require 15% down in CA. That’s the normal 10% plus 5% since CA is a declining market.

    I see this news as having two effects: even less borrowers will be able to afford a home; prices will go down even further.

    So much for yet another bad idea on how to turn the housing market around.

    – Doug

    March 22, 2008 at 3:56 PM #175124
    DoJC
    Participant

    According to my loan agent: new Fannie Mae rules require 15% down in CA. That’s the normal 10% plus 5% since CA is a declining market.

    I see this news as having two effects: even less borrowers will be able to afford a home; prices will go down even further.

    So much for yet another bad idea on how to turn the housing market around.

    – Doug

    March 22, 2008 at 3:56 PM #175126
    DoJC
    Participant

    According to my loan agent: new Fannie Mae rules require 15% down in CA. That’s the normal 10% plus 5% since CA is a declining market.

    I see this news as having two effects: even less borrowers will be able to afford a home; prices will go down even further.

    So much for yet another bad idea on how to turn the housing market around.

    – Doug

    March 22, 2008 at 3:56 PM #175137
    DoJC
    Participant

    According to my loan agent: new Fannie Mae rules require 15% down in CA. That’s the normal 10% plus 5% since CA is a declining market.

    I see this news as having two effects: even less borrowers will be able to afford a home; prices will go down even further.

    So much for yet another bad idea on how to turn the housing market around.

    – Doug

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