Buyers hurt by tougher credit scores

More lender flexibility needed for real loan growth

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

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."