Looking at new products available to finance home purchases and ran into a Company in California that is offering 2/8 3/27 5/25 Arms for purchase down to 500 Fico score from $100,000 to $750,000.

"Right now the program is available to mortgage brokers in California, Arizona, Oregon, Idaho, Colorado, Utah and Texas. While the rate sheet shows that loans are available in amounts from $100,000 to $750,000, the loan-to-value ratio is 70% for borrowers with a 550 FICO score."

Bringing back Subprime on a sane level is the CEO has said.

Never a dull moment in lending.