Market Currents
"What is perceived in the market is not necessarily reality," says Ivy Zelman of the...
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Wednesday, October 10, 2012, 11:45 AM ET"What is perceived in the market is not necessarily reality," says Ivy Zelman of the generalization that "nobody can get a mortgage." In a highly bullish presentation on the housing market, she says the facts don't square. First off, 57% of Americans have credit scores above 700. Second, credit standards are getting easier again, with even 580 scores high enough to qualify.
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Frank/Dodd.
Also, the Manhattan AGs keep suing the majors. The banks are the new tobacco companies of the 80's, hated to the point of stopping all new lending.
Maybe they should just all go out of business entirely. Maybe that will make the stupid americans happy.
Remember W. Bush and the severe recession and 600K being fired each month, its coming back under Romney and his magic underwear groupies.