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Are you serious? Please tell me you are kidding. I guess there are people with nothing better to do than complain about anonymous people's avatars on FREE non-commercial websites huh?

Point is that even with the possibility of qualifying with a DTI of 65% is not enough. People by and large still don't make enough money compared to what houses are priced at to fall below 65% DTI.

Master, I see you changed your Avatar, what gives? The other one was hilarious!!

Ipop, How do you get that there is only 6 months inventory. You are posting that there are 4 entering escrow every day. If 4 sales close a day, that is 120 in a month. There are currently nearly 1,151 units for sale as of yesterday's MLS which puts months of inventory over 9.5 months...

IR, FANNIE and FREDDIE allow DTI up to <span style="font-size: 16px;">65%</span>. That is not a typo, they will allow a back-end DTI of 65%. back end refers to monthly gross income divided by all monthly obligations REPORTED ON THE CREDIT REPORT. This does not take into account...

only the media can spin this housing news. What a joke! Hmmm....SFR's are down yet apartment units are up? How can that be??? Surely builders aren't assuming more foreclosures will continue, forcing people to move into apartments!

We just went ot the Wood Ranch grill in RSM a few days agao and I couldn't believe how many bimmers, and benz-os I saw there. I thought I was in Newport Beach. Everyone must be rich in that area, huh?

Ok I will. CFC, IMB, WAMU, DOWNEY , First Fed, all will go the way of the dodo before Wachovia.

Cash purchases would be one. People paying cash do not need to call about financing. High net worth clients also generally get loans through the investment houses that hold their portfolio of securities.

naw, WB will be ok. They'll take hits like any other major bank, but they are the 3rd largest bank in the US behind Citi and BofA. WB has 783 BILLION in assets and 74 BILLION in cash. Even Wells Fargo only has 575 BILLION in assets

Considering that 95% of NOD's in CA now DO NOT get cured, I'd say that NOD's are must-sells. If someone is now 120 days late and owes 15k+ in arrears, the only they are getting that money is by selling the home.

www.realtytrac.com and www.realquest.com show the same things.

Indymac, aka Countrywide Jr, hit $1.83 a share today. It's currently hovering at $2.05

Got a pretty good espresso machine for 50% off in March. Total cost was just over $300 bucks so it's already paid for itself. I haven't been to starbucks siince.

OK, so there were over 23,000 foreclosures in the CA in April. This is an all-time record. BUT! There were over 44,000 New NOD's (notices of default) in April. Holy Shit this is getting really bad really quick.