Banks Report Tighter Credit Standards, Weaker Loan Demand
The bankers have spoken: Credit standards were tightened and demand for loans was weak in the second quarter of the year, trends that will continue towards the second half of the year.
Most Lenders Have Tightened Mortgage Rules
Just as quickly as the COVID-19 pandemic bolted across the country, that’s how fast the financing situation has changed for homebuyers. And whether the mortgage market will return to “normal” once the scourge subsides is anybody’s guess.
More Americans Are Paying Mortgages on Time
It’s a real estate and social barometer that doesn’t get a lot of publicity, but it’s important: More Americans are paying their mortgages on time today than they have in nearly two decades
Fed Loan Officer Survey: CRE Lending Standards Tightening
Perhaps in response to increased regulatory scrutiny of commercial real estate loans, banks tightened standards on CRE loans during the fourth quarter, according to the Federal Reserve’s latest senior loan officer survey of bank lending practices.
