ING Loosens their CA Guidelines

ING has loosened up on their guidelines for the state of CA. This means their Interest Only option is now available throughout the state. We are seeing this happen more and more these days. Jumbo investors and MI companies alike are lowering their risk classification for our markets. This is good news moving into the future..

Freddie Mac announced that it has posted a net income of $619 million for the quarter ended December 31, 2011 and total comprehensive income of $1.5 billion. Not great. But considering the huge loss's from before.....pat them on the back....

Have we turned the corner on lenders starting to make sensible loans again?