Many of the lenders who were providing loans are no longer in business. Warehouse credit lines have dried up. There are no Jumbo loans. 

  Guidelines are changing fast, and without warning.  The link below will take you to...

 Current Events  

New loan types enabled by the repeal of the Glass-Steagall act and created by Wall Street investment banks, seemed like a good idea. At the time.

  These new loans;  low, or no downpayment; interest only, short term adjustable loans made sense. At the time. "House prices keep going up! " Now prices are coming down. Despite what you read, there are still low or no downpayment loans available - with low fixed rates- good loans for good  borrowers; USDA (Rural Housing) and the Veterans Addministration

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