The N&O’s real estate section has an article on home buying (not online).  The caption under the photo reads:

“According to local mortgage specialist Amy Bonis, you don’t have to be perfect to get a loan. As a matter of fact, you could have had a bankruptcy two years ago and as long as you have reestablished credit, you can buy a home with less than 5 percent down.”

  In other words, you could have walked away from an underwater home when the bubble burst in 2008 and now get a loan with less than 5 percent down.  Correct me if I am wrong, but isn’t this what created the housing bubble in the first place?