What a year

What a year it has been. We have been to the edge of the financial abyss and fortunately stepped away. Still a year later our financial system remains in a semi frozen state. We have gone from one extreme to another. Where a couple of years ago qualifying for a home mortgage meant you were able to fog a mirror now the lending institutions are putting up endless hurdles for qualified buyers. I'm not proposing a return to the subprime days I'm just suggesting that perhaps the pendulum could come back a bit closer to the middle. At a time when the housing market remains frgile, although showing some signs of life, some lenders are raising their minimum FICO scores to 640. This works in direct opposition to the the governments $8,000 1st time homebuyers tax credit. I undestand the banks need to protect themselves but let's not make it impossible for qualified buyers to purchase a home.