[supercat]

Think, no complaining about higher interest rate, willing to pay points up front. And willing to pay “fees” in cash up front.

Do things go that way, or the other way? Think 110% LTV. Cash all around, except for the poor shmuck who's stuck with the worthless paper.

[hunter112]

Cash all around, except for the poor shmuck who's stuck with the worthless paper.

We have met the schmuck, and he is us. At least its been that way officially since Fannie and Freddie were taken over.