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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: bond_bubble who wrote (45226)	11/10/2005 9:02:05 AM
From: Ramsey Su	Respond to of 110194

seller paying points and other closing costs are very common strategies for every down market. In previous cycles, underwriting guidelines were quite strict on what can be paid by seller with percentage limitations. It will be interesting to see how liberal the lenders may be for this round. Homebuilders are going to be giving away things big time, as they MUST try to keep the sales price as high as possible for obvious reasons. We should be able to see how much they are giving away to make the deals work just by watching their margins. WLS margins are coming down per their earnings report last night, others should be same for upcoming quarters. biz.yahoo.com