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

To: CalculatedRisk who wrote (84569)	8/10/2007 7:05:02 PM
From: TH	Respond to of 306849

CR, Excellent. Ain't politics great <g> GT TH

To: CalculatedRisk who wrote (84569)	8/10/2007 8:48:22 PM
From: Think4Yourself	Respond to of 306849

Nice to see the OFHEO is beyond the influence of fools like Clinton and Dodd.

To: CalculatedRisk who wrote (84569)	8/10/2007 9:33:21 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

I am sitting here thinking "so what are the ramifications of this decision?". Duh! Obviously the big effect is that Jumbo loans will not be guaranteed and thus rates will continue to rise on them and downpayment requirements will be high. It's all over for the high end housing market. Short the snot out of the luxury homebuilders Monday.