lender's getting restrictive

We all know that lenders are becoming more restrictive when issuing residential loans due to declining home prices and rising delinquencies. How much? The Federal Reserve's most recent Survey of Senior Loan Officers indicates that roughly 16% of respondents tightened credit standards in 2007-Q1, equal to the tightening that took place during the housing market downturn in the early 1990's. The least restrictive period was (surprise!) 2004 through 2006.