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Originally Posted by Oblivian
We are experiencing the crisis as well.
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Thank you.
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Originally Posted by Oblivian
Maybe I need to bold it for you.
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I don’t know how well you know that poster but if you think the he believes the ONLY way to get a loan today is to put 20% down, you are sadly mistaken. Especially as he’s observed several people in this thread, who live & breathe the business, say that conventional loans with lower down payment requirements have not been vanquished. That dude is bright and you don’t give him enough credit (no pun intended).
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Originally Posted by Oblivian
Again, I've given specific examples of people that shouldn't be approved for loans that are. Lending guidelines have tightened up, but they aren't nearly as tight as everyone is making it out to be. I can pull files and give credit scores tomorrow. I believe it will get tighter in the next few months though.
You can argue and speculate all you want, but I am giving you FACTS. I can pull files from national banks who are still lending.
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Really, you can pull files? LOL. C’mon man, I’ve owned my own brokerage for years. Once again, WHO THE HELL IS SAYING THAT BANKS ARE NOT LENDING ? The dead horse that continues being punched in the mouth here is that banks are lending LESS. They’re making it harder (which you have acknowledged) and they’re lending less (which every national statistic on the planet supports). Unless you disagree with that, we have nothing else to talk about.