Covering all the bases ..

While I do appreciate Mike Kennedy's fair and objective assessment of the current mortgage market, I do have to question his authenticity when he states "loans that only required 5% or 10% down are a thing of the past" and "these stricter lending guidelines and much needed changes in the mortgage industry should have an overall positive effect on the real estate market ..."

Maybe they've had a change of heart at Railey Realty and are shifting away from the days of promoting the "power of no money down buying" and haven't had a chance to remove these items from the website or buying guide or maybe they are just speaking out of both sides of the mouth. You be the judge.

Don't forget to check back to Dan's Deep Creek Blog for future updates.