House Down Payments Soar To 20 Year High As Banks Crack Down On New Loans

[Banjo]

https://www.zerohedge.com/markets/d...the+survival+rate+for+everyone+drops+to+zero)

 

[murray t turtle]

https://www.zerohedge.com/markets/down-payment-homes-surge-decade-highs-lending-standards-tighten?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+zerohedge/feed+(zero+hedge+-+on+a+long+enough+timeline,+the+survival+rate+for+everyone+drops+to+zero)

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Down payment surges?? According to that article its up/ but not even 10%.......

 

[syswizard]

Yeah, I agree. If it gets to 20%, that would be a concern.
I wonder what it is now for no-doc loans....25% ? or more ?

 

[dschubring]

I believe no doc loans are a thing of the past sine the Frank - Dodd act. If anyone has a line on where you can get one I would be seriously interested in that info.

 

[syswizard]

I believe no doc loans are a thing of the past since the Frank - Dodd act.

that was horrible piece of legislation...should be abolished.