Important Information LIKE WORLD shattering stuff from ROB Chrisman's report today for mortgage and real estate people.

Freddie Mac is looking to expand its offering of low down payment loans. Whether or not lenders follow along remains to be seen, but the government is worried about people being shut out of the mortgage market, particularly low income borrowers and those with difficult to document income. Lenders know that not everyone deserves to borrow money to buy a home, and the homeownership rate in the US has fallen to 63.4% - about where it was before the US began the Great Experiment in Expanding Home Ownership which began with Bill Clinton's HUD around 1994. The last time the homeownership rate was this low? 1967. Many say that this represents a lot of pent-up demand for purchase business and is an opportunity.