Hyrum i see your point however most of the subprime lenders have been weeded out already. Or they have changed there guidelines drastically. Now we are seeing A paper lenders fold. You know the ones that lend money to borrowers with perfect credit.
The most defaulted loan last year was not the 580 credit score, 1 month out of a bk 100% loan. It was actually a 720 FICO self employed borrower.
How many on this board when they bought there first house or any house for that matter had 20% to put down?
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