Forgot to mention, it’s a bit of a cruel twist of fate that the inaction of government caused the explosion of bad loans to any oxygen thief, and now their high down-payment requirement for “distressed neighborhoods” (yeah, those are just the places where people have the cash for large down payments) will all but guarantee a near-complete cutoff of loans.
Hardly a rational market stabilized to find the true market-clearing prices for these things…
