http://www.mortgagenewsdaily.com/8302007_Home_Builders_Credit_Crunch.aspTwo executives from the National Association of Home Builders held a teleconference on the "credit crunch" on Tuesday. The one hour conference was hosted by Jerry Howard, CEO of NAHB and David Seiders, Chief Economist. When asked what impact tighter mortgageenCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/8302007_Home_Builders_Credit_Crunch.asp#8618Tue, 04 Sep 2007 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:8618willMost builders aren&#39;t directly involved in the lending piece of the transaction. More than likely the builders have no method of tracking this. I&#39;m certain though that it is affecting most and to a greater degree than they might think. And Nina, as for your loan terms above. A borrower with a 550 credit score getting a 100% loan is a good bet for first payment default. This is just one of the types of loans that has led to the credit crunch. If you make many of these, get your resume ready.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=8618" width="1" height="1">http://www.mortgagenewsdaily.com/8302007_Home_Builders_Credit_Crunch.asp#8617Thu, 30 Aug 2007 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:8617NinaMany builders are not aware of some of community lending programs that are available to help people with less than 600 fico scores obtain 100% financing. GEM Mortgage is affiliated with this program and can perhaps help bring the solution of saving those deals. We just funded a loan with a 550 fico, that had no lates in the past 2 years (this is key), had open collections. We used 18 mo&#39;s bank statements for income, he got 8.25 30 yr fixed, rate, no mi, and no prepay.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=8617" width="1" height="1">