What I hope comes out of this thread though is a discussion about the massive disparity between what is happening in the financial markets and what two realtors on this very board are reporting. Ok its happening, now lets figure out why.
I don't think that there's any such disparity. The lenders have not tightened their practices because the massive losses aren't there — yet. The mortgage brokers' business model is the origination of loans — no originations means no revenue.
Sure the market is down. People can't refinance or sell. But that's not due to fact that it's harder for buyers to get easy money.
