It appears Countrywide (a major lender) is going bankrupt, so now first-time homebuyers must have a 700 credit score to get a loan, and everyone in my office has literally been screaming at each other (literal. screaming.) for almost an hour.
Apparently a real estate office with an on-site lender is not the best place to be when this news breaks.
Happy Monday, everyone!
Edit: Hold the panic. After lots of flailing, I finally turned to the internet and learned that they are actually not bankrupt yet, because they just borrowed over eleven billion dollars to stay afloat. Woo! So yeah. Meet me back here for this post in a few weeks. :-/