All originators experienced it. No one seemed to like it. Several in the industry tried to warn us it was coming. No one knew when it arrived what would happen. When it arrived, the majority of those who spoke out blamed HUD; however, the real culprit was and still remains — Congress and perhaps even far worse, the White House. Whatever it was reduced principal limits of 10% (in some cases slightly more) started on October 1, 2009. So what was it? It was our initial encounter with the ra
