[quote=ibjames]well.. the thought would be that a standard would be created that couldn’t be deviated from.. IE: 20% down and credit score is used, mirror for fogging is thrown away[/quote]
So the most important people driving our govt housing apparatus will say goodbye to overly easy cheap money for housing? That would be Barney Frank getting rid of 3% down FHA loans, and Ben Bernanke backing the Fed out of buying mortgages and Treasuries to artificially depress the cost of over-leveraged housing purchases. Wake me up when it happens.
