HWG
“Clearly credit is tightening, if not through higher rates, then through lower LTVs and the like.”
Went to wamu today and can confirm this. Higher reserve rquirements and lower LTV,. In fact the woman I was talking with said the LTV had recently been changed from 95 to 75. Fico score requirements seemed higher but I can not confirm. They wanted 720 for stated income. I will answer questions about the info program on a different thread. If anyone wants to try to flame me for the stated income be my guest(on a thread the curious,if there are any, or I started.
BTW. There were 30-40 cubicles at the branch and I wa the only customer. It was lunch time but I would think lots of people take their lunch breaks to shop for loans.
