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

To: MulhollandDrive who wrote (149606)	9/23/2008 5:28:39 PM
From: Peter V	Read Replies (1) \| Respond to of 306849

"The housing agency's director, James Lockhart, suggested Tuesday that mortgage finance companies Fannie Mae and Freddie Mac could loosen lending standards to help more homebuyers qualify for a loan and stabilize the market." what a complete moron. Loosened lending standards got us here. What do these people use for brains and common sense?

To: MulhollandDrive who wrote (149606)	9/23/2008 5:31:32 PM
From: Jim McMannis	Respond to of 306849

RE:""The crash of other financial assets has made folks rather uncomfortable," said Keith Gumbinger, a senior vice president with HSH Associates. "It's not about keeping Fannie and Freddie afloat any more."" August, September and October are going to be carnage for home prices nationwide, IMHO. Banks are tight and people are preoccupied by bank failures and bailouts now. Next comes commersial loan realization.