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Lending in a recession

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  • 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