Mortgage loans are no longer readily available. Is there a valid reason for this? No! The current “crisis” is all emotional. That doesn’t mean it isn’t real though. Lenders have pulled back because others have pulled back. The underlying economics don’t support these decisions but, until everything cools down the availability of loans will be limited. At some point however, the pressure to get the money out will cause a “far sighted” firm to take the lead and be the first to step back into the market. They will do well, picking up all the pent up demand for loans. Others will then move to get their share as well and the market will then be back on the road to being balanced and responsive. The challenge is to hang tough until then. Hopefully it will be sooner rather than later.