Well I know this is a bit of old news but the sub prime lending world continues to get hit. The rates are increasing, the programs are tightening up and 2nd mortgages are becoming scarce or crazy high. I can't blame the action of the banks as they are owning too many houses via foreclosures. I expect we will see this go on for a while until the market finishes with the correction that has been taking place. I still have several banks who will loan 100% in 1st and second combos but the credit scores need to be higher than previously needed. I will keep my eye on the market and update more later.
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