Maybe it's just the point in our lives, but it seems that the availability of home mortgage money mirrors that of college tuition: There are some terrific programs for the needy, the wealthy always find a way, but those in the huge middle category often have few options. Some longtime homeowners and perfectly qualified "new-generation" buyers who have been on the sidelines are having extreme difficulty in getting financing -- or refinancing their present loan. The pendulum has now swung from "no loan ever rejected" to "no loan good enough for funding." The new "risk-based pricing" introduced by Fannie Mae and Freddie Mac is a step in the wrong direction. In case you missed it, Fannie Mae and Freddie Mac -- the two biggest players in the seco...
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