23109VC I never do loans so this is just my opinion ….but yes I do believe it will be harder to get no money down loans in a big way. Yeah these types of loans could very well disappear altogether. My advice, even if these types of loans did not go away would be to save money. I know that really makes breaking into the market difficult but the current high rates of defaults are the direct result of the past ridiculously easy lending standards. The bottom line is that many people who are defaulting had no business buying the homes in the first place. Many of them were duped by shiesters but in the end, they signed those loan docs. So the bottom line will most likely be to restore common sense to the industry. I know that sounds harsh but it really does make sense.
