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August 6, 2010 at 10:00 AM #17801August 6, 2010 at 10:17 AM #587397jpinpbParticipant
Makes sense. Tax credits expired, which made the 3.5% down seemed like nothing down. Pretty much they want to stick w/no skin in the game.
But I think the bigger problem is the no-income qualifiers. If you have to prove you can make the payments, at least that’s something. Not much. No skin in the game makes it easier to walk, whether you can afford the payments or not. But at least they’re making an effort to “try” to make sure you can afford it. Even though the only downside to walking is a temporary hit on your credit report.
I guess in a way, even having to qualify for a house is almost meaningless b/c of the ease in not paying and not receiving a NOD, etc.
But still, you have to have a job to buy a house. So at least that eliminates the U6 group from buying.
Just when you think the train ride might be over, everyone sticks a foot out and starts pushing.
August 6, 2010 at 10:17 AM #588023jpinpbParticipantMakes sense. Tax credits expired, which made the 3.5% down seemed like nothing down. Pretty much they want to stick w/no skin in the game.
But I think the bigger problem is the no-income qualifiers. If you have to prove you can make the payments, at least that’s something. Not much. No skin in the game makes it easier to walk, whether you can afford the payments or not. But at least they’re making an effort to “try” to make sure you can afford it. Even though the only downside to walking is a temporary hit on your credit report.
I guess in a way, even having to qualify for a house is almost meaningless b/c of the ease in not paying and not receiving a NOD, etc.
But still, you have to have a job to buy a house. So at least that eliminates the U6 group from buying.
Just when you think the train ride might be over, everyone sticks a foot out and starts pushing.
August 6, 2010 at 10:17 AM #588131jpinpbParticipantMakes sense. Tax credits expired, which made the 3.5% down seemed like nothing down. Pretty much they want to stick w/no skin in the game.
But I think the bigger problem is the no-income qualifiers. If you have to prove you can make the payments, at least that’s something. Not much. No skin in the game makes it easier to walk, whether you can afford the payments or not. But at least they’re making an effort to “try” to make sure you can afford it. Even though the only downside to walking is a temporary hit on your credit report.
I guess in a way, even having to qualify for a house is almost meaningless b/c of the ease in not paying and not receiving a NOD, etc.
But still, you have to have a job to buy a house. So at least that eliminates the U6 group from buying.
Just when you think the train ride might be over, everyone sticks a foot out and starts pushing.
August 6, 2010 at 10:17 AM #588440jpinpbParticipantMakes sense. Tax credits expired, which made the 3.5% down seemed like nothing down. Pretty much they want to stick w/no skin in the game.
But I think the bigger problem is the no-income qualifiers. If you have to prove you can make the payments, at least that’s something. Not much. No skin in the game makes it easier to walk, whether you can afford the payments or not. But at least they’re making an effort to “try” to make sure you can afford it. Even though the only downside to walking is a temporary hit on your credit report.
I guess in a way, even having to qualify for a house is almost meaningless b/c of the ease in not paying and not receiving a NOD, etc.
But still, you have to have a job to buy a house. So at least that eliminates the U6 group from buying.
Just when you think the train ride might be over, everyone sticks a foot out and starts pushing.
August 6, 2010 at 10:17 AM #587489jpinpbParticipantMakes sense. Tax credits expired, which made the 3.5% down seemed like nothing down. Pretty much they want to stick w/no skin in the game.
But I think the bigger problem is the no-income qualifiers. If you have to prove you can make the payments, at least that’s something. Not much. No skin in the game makes it easier to walk, whether you can afford the payments or not. But at least they’re making an effort to “try” to make sure you can afford it. Even though the only downside to walking is a temporary hit on your credit report.
I guess in a way, even having to qualify for a house is almost meaningless b/c of the ease in not paying and not receiving a NOD, etc.
But still, you have to have a job to buy a house. So at least that eliminates the U6 group from buying.
Just when you think the train ride might be over, everyone sticks a foot out and starts pushing.
August 6, 2010 at 10:54 AM #587539jficquetteParticipantTime to bring back no doc loans.
August 6, 2010 at 10:54 AM #587447jficquetteParticipantTime to bring back no doc loans.
August 6, 2010 at 10:54 AM #588183jficquetteParticipantTime to bring back no doc loans.
August 6, 2010 at 10:54 AM #588074jficquetteParticipantTime to bring back no doc loans.
August 6, 2010 at 10:54 AM #588490jficquetteParticipantTime to bring back no doc loans.
August 6, 2010 at 12:06 PM #588119SD TransplantParticipanttime to bring back the mirror loans: one fogs it, he/she gets the loan…..yeppiiiiiii
August 6, 2010 at 12:06 PM #588228SD TransplantParticipanttime to bring back the mirror loans: one fogs it, he/she gets the loan…..yeppiiiiiii
August 6, 2010 at 12:06 PM #587492SD TransplantParticipanttime to bring back the mirror loans: one fogs it, he/she gets the loan…..yeppiiiiiii
August 6, 2010 at 12:06 PM #588535SD TransplantParticipanttime to bring back the mirror loans: one fogs it, he/she gets the loan…..yeppiiiiiii
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