That 400 billion the federal reserve just loaned out should be helping with that.
But yeah, there was a while when even people with excellent credit and debt to income were having problems with loans depending on the local housing market. Some banks saw that the houses were probably still considerably overvalued and simply didn’t want to assume a mortgage on a 300k house that might be worth 220k a month later.
And Nikuk used to be loan officer I believe.