Loan Officer Survey: Credit Standards Tighter, Consumer Demand Falling, Deliquencies Expected to Rise
Posted To: MND NewsWire
Bankers responding to the January 2010 Federal Reserve Senior Loan Officer Opinion Survey on Bank Lending Practices indicated that residential loan standards are still contracting. The report also states that consumer demand for mortgage loans continues to decline. The survey, released on Monday, addresses changes in loan supply and demand over the last three months. It also included three sets of special questions about delinquency rates of loans made to large and middle market firms, changes in bank policies about commercial real estate (CRE) loans over the past year, and a third set of questions about the banks' outlook over the coming year for the credit quality of a number of categories of loans. 55 domestic banks and 23 U.S. branches and agencies of foreign banks responded to the…(read more)
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- Fed Sr. Loan Officer Survey: Little Change in Credit Standards, Demand for Residential Lending
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