[quote=IONEGARM]I dont have a huge problem with 3.5% down as a buyer as long as its full doc and there is something significant coming from the buyers side. That prevents a lot of the games from being played. [/quote]

With all due respect… I do have a huge problem with tiny (i.e., less than 5%) down payments. These buyers will be underwater in no time, especially if the down payment money was a “gift” and closing costs were paid buy the seller.

We need a real, market-driven economy, not a make believe, commie-style fantasy where govt institutions make decisions instead of private parties.