"I was in a bank yesterday, and saw the same thing. They had a person from their mortgage department approaching customers and informing them that they had 0 do

"I was in a bank yesterday, and saw the same thing. They had a person from their mortgage department approaching customers and informing them that they had 0 down loans available." Considering that home sales volume has dropped a lot as affordability has fallen (due to higher interest rates + higher prices), banks mortgage business is likely falling - not due to foreclosures but rather due to lower home sales volume. They may feel that, with lending standards now higher than 10 years ago, the risk of losing money in a potential foreclosure is now low enough that the risk is justified given the loss of business.