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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tradelite who wrote (595)8/29/2001 10:33:02 PM
From: patron_anejo_por_favorRead Replies (1) of 306849
 
<<Yes, builders (and their financiers) and definitely gotten smarter in the past ten years.>>

If so, why's Countrywide (the nation's largest loan originator, I believe), hyping the "5% down" option on their most popular loans? Be sure to check out the "no down payment" loan, that's my personal "favorite" (and up to 325K? Sign me up!<G>):

countrywide.com

EDIT: Let me add that Countrywide is a proud CHARTER MEMBER of the Real Estate Crash Index...I think the originators get it in the neck first, cause their revenues get hit as soon as transactions slow.
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