Fed study shows banks tighten credit standards across a wide range of loan types. Nearly 80 percent tightened standards on commercial real estate loans, a little less than the 85 percent in the previous quarterly survey. Madera, CA, had the highest percentage of foreclosure sales at 54.6 percent of all sales were foreclosed homes, with an additional 3.4 percent being short sales. Nearly $3.3 trillion in home equity was erased in 2008 with $1.4 trillion in fourth quarter.”]
Source: https://www.cuinfosecurity.com/fed-study-shows-banks-harder-on-borrowing-a-1190