Ahh thanks for adding summerrun. Lest I forget that the Fed is pulling out of their purchase program. Yet to be seen as to what "creative" lending facility will be implemented as a replacement. The absolute last thing the Feds want to see is another home price crash (this time for real). Although, part of me thinks that the players at the Fed may actually want this to happen.

Haven't wrote or packaged loans in a couple of years but it's hard to imagine AUS engines tightening guidelines anymore than they were when I left the industry.

We're a long ways away from being out of the woods. Like Rocket said,.......prepare for a new reality.