Wouldnt surprise me about countrywide... I sent alot of folks over there that we couldnt get approved. They always came back approved but with a shite rate =)
2ez...he's just arguing something he has no idea about and hasn't bothered to check up on. The fact that he worked for them a few years ago makes him an expert...too funny. The number is 45%, or so they say. I wouldn't be surprised if it were higher.
Okay, just one more thing because you say such stupid stuff. Uh...75% of Alt-A loans written in 2006 were written in CA, FL, AZ, and a few other places...how small are the loans you think in CA, FL, and AZ? You're right...jumbo($417k+) is way more money than it costs to buy houses in those places...silly me!
Common sense tells me that the number is much higher than the 20% I just posted.....i am talking subprime alone. Every other article written mentions the issues with subprime mortgages. It must be a significant number.