No vacation for tight standards

For enthusiastic second-home buyers, visiting a lender can feel like checking into a crowded airport on the way to vacation.

[Lucid Realty]

Actually, these lenders are doing a big favor for these potential buyers. Too many people over-extend themselves with extravagances - and a vacation home is definitely an extravagance not to be taken lightly.

[RMRK]

Don't forget the sub-prime lending the federal government forces lending institutions to offer to those unworthy of credit. You might think their hands are clean when listening to them holler about the predatory nature of sub-prime lending, but they're the ones who wrote the legislation requiring it.