Fabian Calvo: the Next Real Estate Collapse - USAWatchdog

``Forget what you are hearing about stiffer mortgage lending requirements.  It's not true.  Real estate expert Fabian Calvo says, "If you can fog up a mirror or you have a pulse, they will give you a home loan.  That's what they have done with the car loans, and that's what they are doing with housing loans.''... So, is the housing market more resilient to another downturn? No way, says Calvo, "They've securitized the rental properties, which are now making the net effect of a collapse in values in the market much more devastating for the economy."