Quote:
Originally Posted by kingstu
I can only speak from my experience. I have not tried funding yet. Shouldn't there be a sharp drop in real estate lending then?
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Like I said earlier, I appreciate your charts from the St. Louis Fed but they make zero sense to me. Countless brokers have gone out of business. Giant lending institutions have gone bankrupt or are in process. The biggest banks in the world are laying off huge numbers of employees in the mortgage sector. Home sales figures have completely tanked. These are undeniable, FACTS.
So, who exactly does the St. Louis Fed say is receiving these loans because their numbers completely contradict everything else that’s happening in the market.?.?