Banks reported Eased Requirements, Elevated Demand for Residential Actual Property Loans

by Calculated Threat on 5/03/2021 02:13:00 PM From the Federal Reserve: The April 2021 Senior Mortgage Officer Opinion Survey on Financial institution Lending Practices Concerning loans to companies, respondents to the April survey indicated that, on steadiness, they eased their requirements on business and industrial (C&I) loans to companies of all sizes over the primary


by Calculated Threat on 5/03/2021 02:13:00 PM

From the Federal Reserve: The April 2021 Senior Mortgage Officer Opinion Survey on Financial institution Lending Practices

Concerning loans to companies, respondents to the April survey indicated that, on steadiness, they eased their requirements on business and industrial (C&I) loans to companies of all sizes over the primary quarter. Banks reported weaker demand, on web, for C&I loans to massive and middle-market companies, and demand for C&I loans from small companies remained mainly unchanged. Requirements on business actual property (CRE) loans secured by nonfarm nonresidential properties remained mainly unchanged, whereas banks tightened requirements on development and land improvement loans and eased requirements on multifamily loans. Banks reported stronger demand for development and land improvement and multifamily loans and reported weaker demand for nonfarm nonresidential loans.


For loans to households, banks eased requirements throughout most classes of residential actual property (RRE) loans, on web, and reported stronger demand for many forms of RRE loans over the primary quarter
. Banks additionally eased requirements throughout all three client mortgage classes—bank card loans, auto loans, and different client loans. In the meantime, demand for bank card and different client loans remained mainly unchanged, and demand for auto loans reasonably strengthened.
emphasis added

Click on on graph for bigger picture.

This graph on Residnetial Actual Property lending is from the Senior Mortgage Officer Survey Charts.

This exhibits that banks have eased requirements (tightened for subprime), and that there’s elevated demand for RRE loans.



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