I think we’re about to see the subprime market tigten up considerably. No more 100% financing. No more financing closing costs. No more stated income crap. We should see the housing market soften significantly this spring with all the easy money gone. Good riddance.
By the way, who was that seller on here the other day who was waiting for their buyer to see if they could get 100% financing? I wonder if that deal closed? If that FB wasn’t able to get 100% financing this month, I doubt they will be able to get it at all.
