[quote=paramount]Fortunately the mortgage market – 90% or more of which are funded by the gov’t doesn’t work the way hard liners interested in gentrification would like it to.[/quote]
It’s rare that I see a veiled ad hominem attack and a straw man argument all rolled up into one sentence. So, congratulations. Sound underwriting has nothing to do with gentrification.
I will assume that since you avoided addressing my charge of hypocrisy in my previous post that you’ll concede the point.
[quote=paramount]
Low down payment does not equal sub prime.[/quote]
Another straw man argument. No one said it did. And, for the record, “sub prime” loans can be soundly underwritten. In recent years folks simply chose not to do that.
