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Banks tighten lending; 46% rejection rate on mortgage loans

Banks tighten lending; 46% rejection rate on mortgage loans

by | Sep 4, 2023 | 2023 real estate prediction, 2023 real estate predictions, 2024 mortgage rates, 90s real estate recession, Atlanta Hard Money, Atlanta Private Lending, Atlanta real estate trends, Colorado Hard Money, Colorado private lender, commercial private lending, commercial property trends, Denver Hard Money, Denver private Lending, Georgia hard money, hard money, Hard Money Lending, hard money loans, if there is a recession what happens to real estate

It was already difficult for businesses and households to borrow money earlier this year — but after the collapse of three US regional banks and a cascade of rate hikes by the Federal Reserve, getting money has become considerably harder.   What does the decline in...