Ahhh, the return to sanity. Banks checking over home appraisals and verifying the buyer's income and ability to pay before making the mortgage.

Seems like the good ol' days again, eh? You know, before everyone lost their minds, anyone could get a loan, and homes became lottery tickets...

Lenders tighten loan rules, demand more money down

"The days of simply stating your income are over," said B.J. Perez, mortgage broker and owner of Monarch Mortage in Sparks. "You have to be able to prove income and prove that you have money in the bank."

"Banks are just picking apart the appraisals on houses right now," Wiseman said. "I've seen several cases where the bank doesn't accept the appraisal and the loan just tanks."

"Now, lenders want proof of income, proof of how much money you have and proof of where that money is coming from. Now, they're only making loans that make sense."