US Bank Eliminates 100% Financing

Hat tip to good friend of Blown Mortgage, Chris, for sending this along: US Bank is eliminating its 100% financing product on the wholesale channel as of tomorrow. No word on whether this is a regional or nation-wide change nor if it's been eliminated from the retail channel. Countrywide out of Option ARMs, 100% disappearing. We're definitely in another tightening cycle. If you have any additional information send it along!