I'm sure most folks have seen that JPMorgan Chase is tightening mortgage borrowing standards.

Screening was already tightened massively after my state made it 3x harder to evict last July.I'm placing my VA and HUD assisted people normally. 

Conservative borrowers tighten up and don't borrow + aggressive or desperate borrowers need cash = adverse selection. 

During these current and unprecedented economic conditions, nearly all businesses have suffered some sort of financial strain, however, I'm here to tell you that it doesn't have to be that way.We've all heard the mantra before: "keep 3-6 months in reserves". 

Banks like JPMorgan Chase & Co. have begun the process of tightening their lending requirements in an effort to limit their exposure in the months ahead.

This entire situation has put more strain than i'd like on my family.

Lending standards are tightening and I think it's more likely that property values will flatten or dip in the next 6-12 months, not rise.What's the ARV on your rental?

You still to pay your PITI while you are evicting the tenant which sometimes takes a while... up to two months or longer.Lastly, I generally say, in the state of California where I live, but you could say in a state of ____, there are a few creative solutions.The first creative solution is let somebody live in your house for a while, pay market rent, and then buy the house down the road as they work on their credit rating and decrease their debt.I show the home sellers that have "no equity" how difficult it is to get a mortgage today, because the new laws from Dodd Frank in the safe act have tightened up mortgage origination.

Since most lenders in the area have tightened up their underwriting due to both market uncertainty and restrictions on construction cash is king now more than ever. 

However, the tightening of standards can also be a logical step to minimize their exposure moving forward in uncertain times.