8.14.2007

Closing the barn door after the horse is gone

Months after discovering that making no-doc, cash-back, inflated-appraisal loans to unemployed 24-year-olds might be a bad idea, Countrywide tightens lending standards.

How tight? Well, not so tight. Borrowers in the three worst bubble markets in the country will now have to put 5% down.

No comments:

The disinformation and election interference is coming from inside the house

The FBI just admitted in court that Hunter Biden's laptop is real. Here are 20 minutes of Joe Biden, U.S. intelligence officials, and th...