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"What is perceived in the market is not necessarily reality," says Ivy Zelman of the...

"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.
Comments (4)
  • Wyatt Junker
    , contributor
    Comments (4503) | Send Message
     
    Two words.

     

    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.
    10 Oct 2012, 11:49 AM Reply Like
  • ComputerBlue
    , contributor
    Comments (765) | Send Message
     
    Agreed.
    10 Oct 2012, 11:52 AM Reply Like
  • Terry330
    , contributor
    Comments (867) | Send Message
     
    Mitt Romney will deregulate the big banks so even families with a $15K yearly income can buy a new $250K home. No wonder the banks have given the Republican records amounts of cash.
    Remember W. Bush and the severe recession and 600K being fired each month, its coming back under Romney and his magic underwear groupies.
    10 Oct 2012, 11:59 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    They...the government bozos are taking us back to what got us into trouble before...less down payments..less credit..whatever...it should be 25% down or you donĀ“t buy a house...you save until you can buy a house..and if you were bankrupt....yes you are going to have to put down more and pay more interest...
    10 Oct 2012, 12:01 PM Reply Like
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