"Sub-prime"

Due to the recent freezing in the credit markets many "Sub-Prime" mortgages products that are key for home owners with less than perfect credit seemed to disappear over night. Luckily though it seems that investors that are seeking higher returns on their funds are returning to the markets and sponsoring a new wave of more aggressive mortgage products that are desperately needed to stabilize the housing market. Liquidity had all but dried up recently in mortgage products geared toward borrowers having credit scores 620 and below. Now they are fixed and adjustable options back in the market again for borrowers with less than perfect payment history on their mortgages and with scores as low as 530. This is a critical development given that with out this, these borrowers will have no where to turn to try to avoid foreclosure brought on by the current wave of mortgage resets. If the trend continues we may indeed be in for a better 2008 as this will help curb the foreclosure problem that has been depressing property values nationwide and disenfranchising our home owners.