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URL:  http://boards.fool.com/jedigalt-wrote-oh-goodie-low-interest-rates-low-30386861.aspx

Subject:  Re: Friggin' Bush! Date:  11/17/2012  10:39 AM
Author:  CCinOC Number:  655662 of 737178

JediGALT wrote: OH GOODIE! Low interest rates. Low down payments. Easy to buy homes.

Actually, it's not easy to buy a home. Underwriting guidelines are more stringent than I've seen in 20+ years of originating loans. It takes longer, is more stressful and success uncertain. Many experienced loan originators have moved on to other careers because it's just not worth it anymore.

With further implementation of the Dodd-Frank Act--specifically, what constitutes a "qualified loan"--it's only going to get worse.
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