Jan VanDenBerg_

Mixed Regulatory Messages Slowing Community Bank Lending

I think this is happening, except on the FHA front.

I just had the buttend of WaMu, which holds my commercial loan of $2.9 mn, assumable, that if I want to sell my property, the buyer must come in at 40% down.

This is for a solid, cashflowing property whose value has GONE UP during the credit crisis due to the fact that the closest thing to government bonds in safe income in a recession is a well-located affordable apartment complex.

Now, if you're not into commercial property, you may not know what a STUPID requirement like that does, but I can tell you that it cost me at least $200,000 that instant.

These geniuses are destroying the value of their own collateral.

This problem needs fixed.

Jan VanDenBerg