There really is a silver lining in every cloud! More than one-third of Los Angeles County families could afford to buy an entry-level home in the first quarter - 66 percent more than a year earlier - due to an epidemic of foreclosures that depressed prices, a trade group said Tuesday.   Read article here

Freddy & Fannie roll out new credit pricing guidelines! Lenders should be pricing their loan product based on risk.  They have determined (not certain how) but they think they have, that the “prime” FICO scores are 720 and above. Read about the new pricing guidelines here