[quote=SD Realtor] In fact I was reading just yesterday that the herioc Barney Frank wants lenders to EASE lending requirements. Good thing we have guys like him in office.[/quote]
While I agree that Barney Frank (or any politician) getting involved in underwriting standards is stupid. The issue itself is relatively minor regarding the vacancy factor of condos. The issues really affects new home builders more and they are using their muscle to get the people in their pockets to try and pressure Fannie/Freddie to switch their standards back.
For the general population interest rates and down payment sizes are much more relevant.
I’m also curious for the people offered deals on the 2nds if they had the money to take the deal.
