Feeling So Loan-ly

Remember the heralded economic stimulus package that was supposed to bring relief to the lending markets and increased conforming loan limits? Well, it hasn't quite worked as planned. Check out this article from the SF Chronicle. It spells out what borrowers are facing these days. Bottom line? Loans are still being made, but without high income, great credit, and a big down payment, many borrowers are finding the pickin's awfully slim.