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To: Haim R. Branisteanu who wrote (5913)	5/9/2004 11:13:41 AM
From: mishedlo	Respond to of 116555

Haim I believe it is happening all over the place in numbers of ways. 1) No Credit loans (at a way higher rate) 2) Builder "gift" down payments. Of course that is added into the price making it a 100% loan. 3) Sub Prime lenders Someone on my board actually managed to get a 100% libor only loan. Seriously. He will be good for it IMO but how many others will be? He is just out of school on his first job. I do not know the loan amount but someone was willing to do this in the Houston area for a mere 1.5%-1.75(not sure which, mine is 1.75) over libor. The only reason I know about these loans is he told me about them. Mish

To: Haim R. Branisteanu who wrote (5913)	5/9/2004 11:16:28 AM
From: loantech	Read Replies (2) \| Respond to 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.