“Instead, the administration would make maybe 80000 additional people eligible for FHA-backed loans and will ask Congress for legislation to make it easier for some shaky homeowners to renegotiate with their holders.” ...

Abnormal Factors Are Clouding The Horizon
“Stacey Vanek-Smith: ‘Gone are the days when you could land a home loan with less-than-sterling credit and no money down. Mortgage lenders and big banks have gotten very finicky in the last few weeks.’” ...