Quote Originally Posted by Andrew View Post
I haven't noticed them easing lending standards much yet. They still want to be very sure you can repay the loan and that you have collateral in case you fail to make the payments. Banks are looking to profit first and foremost. They also want to put their money to work though.
Me neither, but where I'm from the situation is not as bad as in other areas. For example it is probably the worst in california right now as far as qualifying for a loan. That's really what you need to look at is the location, in less effected areas of the recession you might have a better chance at getting a secured loan.