Bye Bye Banks and Wall Street

[BarTopDancer]

Originally Posted by Ghoulish Delight

Or the other way to look at it - you actually have to be able to afford a loan to get it.

Originally Posted by Kevy Baby

It sounds like it is just returning to the banks requiring what the used to (rightfully) require. The reason there is so much trouble is because they were too loose.

Completely agree.

No more stated income or "sure, we can afford the $2500 a month mortgage but we can't afford anything else and live on credit" mortgages.

The rental market has been tightening up as well, credit and income requirements wise.