Fannie and Freddie
Okay so I read about Fannie and Freddie's new guidelines for mortgage qualification for home purchases.... 740 credit score and 20% down. Yes, that sounds like it will settle the flailing housing market. Lets see, most of the country has burned through savings or lost equity in stocks so I am sure everyone has a big enough nest egg to put large down payments on homes. Perhaps they can pull equity from the sale of their existing home for the downpayment. No, that won't work either as the devaluation of homes continues to occur.
Seriously, this is not going to help. I am not advocating re-visiting high risk loan scenarios but realistic benchmarks should be set. I do not believe this is the answer. Please try again. You can lower interest rates to 1% but if people need large downpayments and total fee coverage in cash, it is not going to help.
- Hi guys! I have been searching the web for last three mohnts regarding the white n9 release in Sweden. Still I haven't found nothing stating that the device will even come to Sweden at all. I found several topics saying that the white version will come to those markets where the N9 is already selling but no vendor can confirm that. So if you have any kind of info regarding the release of the white beauty please respond and I will wait for it.
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