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How long before flood gates of unqualified borrowers are opened (again)

With Irrational Exuberance 2.0 in full swing driven by Private Equity Investors.  How long before PE pulls out and the void of demand (seeing this now) causes law makers to again allow for lacks lending rules.  

I'm blown away that people with sub 700 scores are allowed to get 90%+ LTV.  That's absolute insanity and ridiculous given what just happen to the markets.  

How long before we see the hands of politicians greased allowing for the flood of unqualified borrowers again.  

Subprime 2.0 followed by quazi-depression 3.0
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July 01 - Scottsdale
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Profile picture for sunnyview
I think it will happen again. Maybe give it 6 more years when people think that the need for regulation is over and the big banks want to start collecting those loan fees again. NINJA world here we come...
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August 06
In two days, just give it two days. 
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August 06
I wouldn't say the floodgates are opening anytime soon, but they are loosening up a little bit to get more people qualified.  It's kind of a slow process though I don't think they are going to let the same thing happen again.
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August 06
Profile picture for burncard98
Here we go!

Fannie Mae (FNMA) and Freddie Mac have more resources than the FHA, an arm of the U.S. Department of Housing and Urban Development, and could use them to develop programs benefiting low-wealth borrowers, Carr said. The companies, which have begun posting record profits as the housing market turns around, could create lease-purchase mortgages or shared-appreciation loans, in which the lender claims part of any gain in the home's value. They could also make housing counseling more available to borrowers with weaker credit, he said, to help improve loan performance.
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July 16
 
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