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

To: saveslivesbyday who wrote (257023)	6/27/2010 3:02:34 PM
From: koan	Respond to of 306849

>>I believe GS got closer to 12 or 13 B>> Wouldn't surprise me. The grand irony is that because of the power of Wall street they came out of this smelling like a rose. The feds were forced to lower interest rates and because there was so much fraud and low interest rates, the big banks not only got free money from the feds, but are able to charge much higher fees for loans and loan only loan to grade A borrowers e.g. most banks not only want 25% down on investment property, but also up to 5 points up front. So on a $500,000 loan they want $25,000 just to give out the loan. The small banks and main street continue to struggle.