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Response to midnight (Reply #1)

Sat Sep 29, 2012, 09:21 AM

2. All he needs are very liberal requirements on loan to value for Freddie and Fannie I imagine.


But if borrowers are commissioned they are still screwed.

He is doing this all backwards anyway. What the housing market needs is a good economy and people who believe its a good economy. When average rents are $200 more than average mortgages, it's not logical that people aren't buying. That leaves the fear factor.

This economy isn't moving because people don't want to risk buying a house or investing. Cash levels in the economy are ridiculously high and lack of velocity is smothering the recovery.

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