This is because banks and mortgage lenders are tightening underwriting standards to cover the risk of millions of borrowers seeking forbearance on their home loans.He said that despite ultra-low interest rates and the need by many homeowners to raise cash because of job losses and economic uncertainty, many homeowners are priced out of the market for cash-out refis.I immediately scoured the internet for more information and found an article by "American Banker," dated May 4, 2020.  

Just when I think I've tightened up my lease, leave it to a tenant to find a hole

This will either let the tenants know that you are serious and they will pay you ASAP or you will be able to get them out faster and lose less money in rent.I would also suggest tightening up your screening standards since it sounds like these tenants have had money problems for a while and can’t afford your place but they got past your screening.

It might be worth paying a professional to lessen the strain on your friendship in the event they don't hold up their end.Good luck!

Shop around until you find one with good terms as many banks are tightening the belts on these now due to COVID.Good luck and keep us posted!

And keep a close look at the stock market and tighten up those stop loss limits!

Opinion.... not necessary to do all this"There will be less newer market participants for the forseeable future because of high home prices, high interest rates, and tightening credit lending."

The house is on a corner lot and the seller purchased the home to renovate for his mother to live in but started to take too long and it was straining his marriage so his mom moved out of state and he is selling to save his marriage.

Market for 2nds tightened up from 2018-2013 but it's going gangbusters again.

They tightened up their lending to a great degree that to this day still makes it more difficult to be an investor and use conventional mortgages.