BY
The Federal Reserve’s latest Senior Loan Officer Opinion Survey contains the reported lending practices, as of the third quarter of 2019, of 80 large domestically chartered commercial banks and up to 24 large U.S. branches and agencies of foreign banks. The questions that comprise most of the survey are those relating to Commercial & Industrial (C&I) loans, Commercial Real Estate (CRE) loans, and residential real estate loans. For the C&I loan category, banks left their lending standards basically unchanged from the previous quarter, while the demand for such loans weakened. For the residential real estate category, on net, banks’ lending standards did not change in most loan categories, except for in subprime loans, for which around 12% more banks, on net, reported a tightening in lending standards. By contrast, the demand reported by banks for closed-ended, residential real estate lending increased from the previous quarter1.
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When it comes to the size of a home that a buyer seeks, age matters.
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Some Highlights:
Some Highlights:
