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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (427384)	10/17/2008 12:36:25 PM
From: bentway	Read Replies (1) \| Respond to of 1572208

Dimon also said, "The government would like us to use the capital to facilitate clients, to make loans and stuff like that, and we want to do that, too." Yes, credit is going to get tighter. Instead of the low- or no-down-payment mortgages of the mid-2000s, "people have gone back to old-fashioned 80 percent," which means you need a 20 percent cash down payment. In fact, with home values falling, "we're not at 80 percent in California, Nevada or Florida. Sixty-five percent is the max." To buy a $100,000 house, you'd need $35,000 down. philly.com