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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Haim R. Branisteanu who wrote (5913)5/9/2004 11:16:28 AM
From: loantech  Read Replies (2) of 116555
 
Haim I work in the mortgage business and a surprising number of applicants are using some type of 100% financing for their purchases. Maybe 30-50% I do have not hard numbers but regardless of the % of 100% Loan to value purchasers it is WAY TOO HIGH. And it most certainly was possible for the 500K purchase to be made.
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