Doing some of my morning reading, and came across Peter Coy's blog on BusinessWeek online "Credit Where Credit is Due."

It appears that a collection of organizations are working to allow for "thin files" to receive prime rate loans which will hopefully decrease their chances for default and help them stay in their homes.

According to Coy, "Step one is to help lenders take into account evidence of borrowers’ trustworthiness that they currently ignore, such as a history of paying the rent, utilities, insurance, and child care on time. Step two, after the loan is made, is to counsel borrowers to make sure they stay current."

This has been done by organizations in the past, but this appears to be a collection of larger organizations than the NHSA, which will help with costs.