A place for residents of Marin County, CA and others to express their views regarding the real estate bubble and in particular the Marin real estate market
Saturday, September 30, 2006
The End of "Liar Loans"?
Well, this will crimp the Bay Area house buyer's style -- lenders will be able to easily verify potential borrower's income in a couple of days over the internet. Hopefully, we'll be able to say goodbye to "liar loans" which have been helping to prop up Bay Area prices. This is potentially big news. But as I am a little late in the game on this one and since my esteemed fellow blogger up in Seattle has done a much better job of discussing it than I could, I will refer you to that blogger's discussion -- "The Mother of All Weekend News".
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