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http://boards.fool.com/you-mean-theres-a-secret-stash-of-bargain-priced-30677788.aspx
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| Subject: Re: Downpayment Sources | Date: 5/10/2013 2:44 PM | |
| Author: Dwdonhoff | Number: 125237 of 128580 | |
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You mean there's a secret stash of bargain priced 90% LTV jumbo money with no PMI? What are the investors in that portfolio--stupid? *ALL* lending is being done at a 50-75% subsidized-risk discount off real market costs.... the 3.5% 30 FRM mortgage would normally be going for 7-8% if the taxpayers weren't being used as a backstop to eat the future defaults. Now who's looking stoopid? Dave Donhoff Leverage Planner |
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