The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (150188)	9/25/2008 11:23:38 AM
From: MulhollandDrive	Read Replies (3) of 306849

i saw that too....he defines the problem correctly all you have to do is look at the 9% rate on the jumbo loans to understand the very real risk aversion... and the point is the fundamental REASON for the risk aversion is sound....home prices will continue their slide .... all of the bailouts starting with the TSLF has allowed the bankers to continue to keep the toxic waste on their books, and yet they won't lend because have to repair their balance sheets and the bailout will only perpetuate this ability to kick the can down the road.... wait till people begin to realize that the banks will continue to have restrictive lending policies until the RE market finishes CORRECTING btw, yesterday i was in my bank (US bank) and i jokingly asked the teller so tell me, is usbank still making loans? answer yes.....'so i can still get a car loan? consumer loan?' answer yes.... the bottom line is banks will lend IF you qualify....the've raised qualifying standards to correct the loose lending standards that got in this mess to begin with (of course not fannie and freddie....i posted yesterday they're considering loosening standards) one interesting tidbit i picked up in my conversation with her...i asked were they experiencing any 'bank run' activity, and she didn't know what that was...so i asked have you had people coming in, closing their accounts and taking CASH....she said they've gotten a few of those so there is real fear out there

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