This news may not be so new to loan officers, but heard that a lot of lenders are cutting the 80-10-10 program so that one has to have at least 20% down payment to avoid PMI. Apparently, house price will continue to come down. It also indicates that a lot of buyers cannot secure any loan. What do you guys think about that in terms of the overall house market. I believe the price of bank-owned properties will be hit hardest but privately owned properties may only be affected slightly if the owners are not trying to sell the property in a hurry.