[STONEWALLS]

.....Sounds to me like we’re returning to “old school” lending practices...in other words a return to sanity....thanks for posting this article Hydroshock...you keep an eye on the housing market which I enjoy.

[Hydroshock]

I hope you are right, I just wish teh return to sanity was sooner.

[spectre]

Yes. Back to basics is a good thing :)

sw

[RockinRight]

Yes. And assuming it stays here and liquidity issues don’t screw the overall greater economy, I think that’s OK.

100% financing isn’t totally gone, but you need to do a hell of a lot more than fog a mirror to get it. Basically, if you qualify for 100%, then you don’t need it. In other words, you HAVE down payment money but prefer not to use it.

We can argue till we’re both blue in the face as to whether or not that’s smart, but from a lending/risk standpoint, it makes sense.