Little money and wanting to break into the REI racket.I live on a relatively tight budget, loosened a bit after I paid off ALL my debt.I'm putting in 6% into my 401(k).

The President made absolutely sure that the person he picked as the chairman of the FHFA, long time Dem Congressman Mel Watt, would loosen up Fannie's and Freddie's lending standards.

Again, that was a little under a year ago so maybe their rules have loosened a bit. btw: What LTV did they go up to on your HELOC?

What you did works, but you are wearing down the metal, so it could increase resistance or loosen the connection. 

Lets hope Obama does not tighten the screws down on the banks and they do not loosen up.

Small and commercial Multifamilies right now are insane down here , ill think there will be a drop in prices in 11 months, but id say loosen up your criteria or stay open to different deals in the mean time.

That is a great point - The City should definitely work on creating incentives and loosening restrictions first.  

I read the article, I also posted a link to this article a few weeks ago when Wells and Chase announced the lower score criteria, for FHA backed loans. http://www.thestreet.com/story/12338720/1/banks-loosening-mortgage-lending-standards.html?

So in a nutshell, these recent developments have really helped loosen up lending standards for local banks here in my area, so I'm much more confident that I can make a run at getting this project financed.

The market has become saturated with apartments and thus leasing condos has loosened up recently.