I have been a mortgage banker/broker for 12 years and a realtor for 3, interesting times now for sure...the only legitimate loans for the near future are for people who can prove their income and have 5%+ down payments and do not have Jumbo loans. FHA/VA will be good options as well but the days of low down, no doc loans are done...keep a very close eye on what happens to Countrywide Financial, they are what has caused the drop the past two days...when the biggest mortgage lender in the world is on the verge of going under all hell will break loose when/if that happens...I am seriously thinking of moving into commercial banking vs residential...cheers.