Demand for mortgage loans strong in second quarter: Fed

Mortgage loan demand continued to grow in the second quarter but fewer banks eased lending standards than in the prior three months, a Federal Reserve senior loan officer survey released Monday showed. Only seven banks said they had eased standards on mortgage loans somewhat on GSE-eligible loans in the second quarter, down from 13 in the first quarter. Banks reported little change to business lending over the second quarter. Most banks reported no change on standards for consumer loans. There was stronger demand for auto and credit card loans. The Fed surveys domestic banks and foreign banks operating in the U.S. each quarter to gauge credit conditions. More here

unnamed (39)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s