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cougjunkie · 08-06-2007, 08:16 PM

2 more companies just downsized, option one and First Horizon. They both let go about 75% of there sales force.

I think that this does force the feds hand but in reality its not really interest rates that are the big problem rates are not great right now but they have been worse. The problem is criteria has gotten so much tighter. We are back to the days where you need a 20% down payment on your house.

No more stated 100% loans, no more no-doc loans, it is getting very very hard to get anyone approved.

08-06-2007, 08:16 PM	#6
cougjunkie Senior Member Join Date: Jan 2006 Location: Utah Posts: 5,741	2 more companies just downsized, option one and First Horizon. They both let go about 75% of there sales force. I think that this does force the feds hand but in reality its not really interest rates that are the big problem rates are not great right now but they have been worse. The problem is criteria has gotten so much tighter. We are back to the days where you need a 20% down payment on your house. No more stated 100% loans, no more no-doc loans, it is getting very very hard to get anyone approved. __________________ LINCECUM!