It really doesn't seem to be helping but did you notice the fed's cut the rate. See article from New York Times..
"Fed Cuts Rate but Hints About a Pause"
http://www.nytimes.com/2008/05/01/business/01fed.html?_r=1&th&emc=th&oref=slogin
HUD issues Mortgagee letter 2008-11 giving more feed back on Non Traditional credit and insufficient credit.
http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/08-11ml.doc
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