Mortgage Times

[usetosellhummer]

This happend with autos a few years ago. special financing/leases and incenties to get into cars. many of the paper houses for risky buyers are gone. The ones that remain require no more then 80% carry and or Dealer backing or assistance if payments are not made. GMAC lost so much money on their smart buy they had to quit doing them in NM. The lenders are willing to help anyone overextend themselves in every way and us consumers are stupid enough to do it, well me anyway.
Whats next? weekly payments on a new home with builder F&I?