While credit conditions are still expected to weaken compared to their strong position in the last few years, bank economists have come to view the situation with more optimism due to better economic growth.
Bank economists see both credit quality and credit availability weakening over the fourth quarter of this year and the first quarter of 2023 as consumers and businesses find it hard to keep up with the current market conditions.
Many American mortgage lenders expect stronger profits in the third quarter of this year, a new survey from Fannie Mae has found.
A decline in jumbo mortgage availability drove overall mortgage credit availability in April to its lowest level since 2014.
