Mortgages: Loan Officers Slamming the Barn Door

by: Paul Kedrosky

Talk about slamming the barn door after the cows have all gone, check the eye-popping percentage of U.S. loan officers in the following Federal Reserve chart saying that their firm is tightening credit for home loans. We are at levels of credit restrictiveness that we haven't seen in the modern history of the Fed loan officer survey.

So, where were all these belated barn door-slammers four years ago?

bank-loans

[via Federal Reserve]

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