Yes I own a mortgage company and I am worried SICK!!!!!

Yes, I own a mortgage company and I am worried sick!  Not for my company, for you guy's (Realtors). As a fellow realtor, I am truly worried about the spiral effect that is coming into play with all major lenders tightening up their guidelines. Right now most lenders will only do 95% LTV (Loan to value) purchase loans, where six month ago they would do 107% LTV and throw in a toaster! But, guidelines are changing by the day, and there is a lot of talk about increasing the minimum down payment from 5% to 10% and maybe even more! What does this mean? Well sub-prime will fall out and many loan personnel will lose their jobs. Yes this is happening NOW! Seeing that a large percentage of sub-prime loans are purchase loans with very high LTV's , this is taking a chunk of business out of the realtors pockets. Now Sub-prime is dead right or soon to be for purchase loans, they are increasing the down payment from 5% to 10% for prime. How many people have 10% to put down these days? Not enough to keep all us agents busy, that's for sure!