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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (5580)9/25/2002 10:41:22 AM
From: TheStockFairyRead Replies (1) | Respond to of 306849
 
FINALLY!

It's just the beginning of the tightening of the credit standards. One small step at a time I guess.



To: MulhollandDrive who wrote (5580)9/25/2002 12:27:34 PM
From: Lizzie TudorRead Replies (1) | Respond to of 306849
 
re: cash out refinancings

Are the standards for this lower than a home equity loan? You can still get one of these and spend away.
L



To: MulhollandDrive who wrote (5580)9/26/2002 6:29:44 AM
From: nextrade!Read Replies (1) | Respond to of 306849
 
The changes, effective Feb. 1,2003, affect only those loans that are bought or securitized by Fannie Mae

Actually, tighter underwriting standards of recent days are becoming deal killers. This is likely to push more borrowers into the subprime market, hence being faced with higher rates.

It's over <G/NG>


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