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Subject:  Re: GA Deal I'm working... Date:  2/22/2006  10:31 PM
Author:  namkato Number:  7652 of 14302

I do hope it works out for both sides. I a 100% LTV with a neg-am is often trouble. The Fed has come out with suggestions for lenders to tighten up lending STANDARDS, including abolishing both 100% LTV and neg-ams. Not long after their strong suggestions, WAMU laid off 2500 loan officers, and there have been numerous other layoffs. Maybe higher loan STANDARDS and lower loan volume go hand in hand.
Good luck.
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