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


To: Lazarus who wrote (272993)9/2/2010 4:52:13 PM
From: Jim McMannisRespond to of 306849
 
90% of new loans are FHA backed. As little as 3.5% DOWN. Harder than they used to be that's for sure but not near as hard as a private mortgage company. They want 20% down. Imagine that! If FHA went to 20% down how much would prices drop. That's a bottom, IMHO. Maybe rates have to rise a little too.