sdh_lr

Bernanke & Paulson Need to Create a Mortgage Specialist Fund

Hmmm. Is it suggested than that lenders would continue to be able to make loans with questionable underwriting? And, no, I do not mean sub-prime in particular. Residential real estate has been over-priced for some time due to persistent low cost of debt and increasing qualifications - longer terms, initially lower payments, less credit worthy. This CANNOT continue. Too much money chasing residential property.