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And with lending standards tightening, I'd sell consumer lenders' equities.
With credit standards tightening for mortgages, many consumers may not qualify for a mortgage in the current climate.
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As lending standards tighten, consumer demand could suffer, possibly prompting a recession in the United States.
The trade association for lenders has urged Congress to step in, noting that there is more demand for federally guaranteed loans when credit standards tighten.
And as credit standards tighten across the entire lending industry, mortgage companies are finding it difficult to raise cash and to sell their loan portfolios.
In June Taiwan gave regulators authority to restrict the marketing and even the sale of food they deem unhealthy for children.As standards tighten, arguments rage.
After the crisis hit South Korea in 1997, the government watchdog for accounting standards tightened up the existing lax rules, but there is still a long way to go.
As home prices fall and lending standards tighten, banks and other financial firms are facing the prospect of widespread defaults on mortgages, potentially causing billions of dollars in additional losses for the industry.
Education Secretary Arne Duncanhas said he would like to strengthen national academic standards, tighten requirements that high-quality teachers be distributed equally across schools in affluent and poor neighborhoods, and make other adjustments.
But borrowers like Mr. Doyle, the engineer in Northern California, say they are victims of their circumstances — housing prices collapsed and lending standards tightened just as they needed to sell or refinance.
Some industry executives had believed that the more unscrupulous mortgage brokers and loan officers had fled the industry or lost their jobs in the recent downturn, once lending standards tightened and loan volumes dropped.
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CEO of Professional Science Editing for Scientists @ prosciediting.com