"Soft Market"

[Charles Fletcher]

So I just got off the phone with my lender, (I use Bank of America because for me their rates simply can't be beat), I am looking at buying a new home for my family in Fall Creek. They tell me that because that zip code is considered a "Soft Market" I can qualify for a 5% down mortgage on my own, but since my wife's credit score is a hair below 720, if she is on the loan we would have to put 20% down, all because its flagged as a Soft Market.

I threw out a few other zip codes, ones I know both for investing & personal shopping, and all of them came back a flagged for "Soft Markets". This seems like an important thing to know if someone is going to be rehabbing to sell at retail, has anyone else heard of this and if so, who makes the Soft List and where can I find out more about it?