Here is an interesting article from the Fox news website about Mortgage company (Fannie Mae and Freddie Mac) and their use of lobbyists to help enable them to open up lending with reduced down payments and looser loan terms than we've seen in past years. Although this does not change the current state of affairs in the mortgage industry, it may shed some light on why it is happening.

http://www.myfoxphoenix.com/myfox/pages/Business/Detail?contentId=7001808&version=1&locale=EN-US&layoutCode=TSTY&pageId=4.1.1

Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572

p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!