Getting your player ready...
NEW YORK — It’s easy to hate bankers right now, but is it possible that on the issue of lending, they’re getting a bum rap?
After all, it’s not just “fat cats” with multimillion-dollar bonuses who aren’t lending much money. It’s also small fries such as Stan Wilmoth, president of Heritage Bank of Reno, Nev. “We really haven’t changed our lending criteria in the last five years,” Wilmoth says. “The only thing that has changed is the number of qualified borrowers.”
As in past recessions, though, the drop seems to reflect more a lack of demand from would-be borrowers than any stinginess on the part of bankers.
