Lending in a recession

• 100%: Percentage of survey respondents in the Federal Reserve’s October survey who said they applied more rigorous standards to subprime loans.
• 90%: Percentage who said they had tightened standards on nontraditional mortgages like alt-A loans.
• 70%: Percentage who said they tightened standards for prime borrowers.
• 58%: Percent of respondents who said they tightened standards on credit cards in the third quarter of 2008.

Source: Congressional Budget Office