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Joesho · 10-23-2005, 10:07 AM

for example remember the credit card companys several years back were giving everyon credit cards to inflate their numbers? then wham they got butrned and had to eat more debt so they revised their criteria again ?

I think this has happened ten fold on housing loans in the last 7 yrs or so and is gonna really become apparent as these ARMs come due and the refinance values are not there to support that method.

10-23-2005, 10:07 AM
Joesho want to get in shape Join Date: Jan 2003 Location: on the lake Posts: 12,329	for example remember the credit card companys several years back were giving everyon credit cards to inflate their numbers? then wham they got butrned and had to eat more debt so they revised their criteria again ? I think this has happened ten fold on housing loans in the last 7 yrs or so and is gonna really become apparent as these ARMs come due and the refinance values are not there to support that method. __________________ Got any domains to sell? I proudly host all my stuff at www.rackco.com