IndyMac Delivers Coal to Florida Home Owners

IndyMac Bank gets the hell out of Florida - but the question is, is it too late? I've got a longer follow up post coming on the subject of loan guidelines that will address this in greater detail; but let's take a look at the below communication: Full documentation only 40% down on non-owner properties If that doesn't point to the complete lack of investor confidence in the Florida housing market I don't know what does. I'm just waiting for the same guidelines to hit Las Vegas and inland empire California. People that think the housing market is going to make a early-08 comeback obviously aren't very good at putting puzzles together. These lending guidelines AREN'T and over-reaction; they're a necessary adjustment. Watch for more of this to come. Florida Guideline RestrictionsTrans