[quote=patientrenter]veees, I am curious: why would 3/4 of 1% make a difference in a major purchase decision? Have you ever decided not to buy any new TV because the prices were 3/4 of 1% higher than you expected/wanted?
If 3/4 of 1% is actually enough to push this from affordable to unaffordable, then have you considered that paying the remaining 99.25% – that’s 133 times as much – is probably even more unaffordable for you?[/quote]
Very well put.
At a conceptual level, the GSE’s (like Fannie) have the right to design their own underwriting standards.
I don’t think that protecting themselves more is a bad idea. This makes it less likely that they will need additional bailouts.
