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Prince George county is one of the biggest bubbles in America. Scads of government workers purchased homes >$600K with an income that put their front end ratio near 40%.

Back end ratio? BWAHAHAHAHA...with credit card debt and student loans, 70% was the norm. Doesn't leave much for food and other living expenses.

Another sequester/furlough will push them over the ledge.

Mortgage lenders have NOT cleaned up their act. I've seen mods done for self-employed borrowers that used gross sales for their gross income.

16 posted on 08/22/2013 8:30:14 AM PDT by Night Hides Not (The Tea Party was the earthquake, and Chick Fil A the tsunami...100's of aftershocks to come.)

>>Mortgage lenders have NOT cleaned up their act

What’s their incentive to change?

Where’s LEO?

22 posted on 08/22/2013 7:41:42 PM PDT by TArcher ("TO SECURE THESE RIGHTS, governments are instituted among men" -- Does that still work?)