MM, I basically know nothing about this. I was just commenting that I can see how things are going in the direction of high DP’s and more stringent underwriting in the past few weeks. I have no doubt that there are still stupid loan programs out there. I think the FHA’s rule that the seller cant give the buyer the DP doesnt even take effect for another 2 weeks. I am sure you are right. My interest is more in the direction of loan underwriting, not so much that there are still people playing Russian Rullet still.
