Oklahoma Bankers Association We make bankers better!
During the third quarter, banks reported that lending standards for commercial and industrial loans to large and middle-market firms were basically unchanged, while standards tightened for C&I loans to small firms, according to the Federal Reserve’s latest senior loan officer opinion survey.
Banks also reported tighter standards and weaker demand for all commercial real estate loans.
For loans to households, banks reported having left standards basically unchanged for most types of residential mortgage loans except qualified mortgage jumbo and non-QM jumbo mortgages, for which banks reported having eased standards. In contrast, banks reported tightening standards for subprime mortgages. Standards for home equity lines of credit (HELOCs) were also basically unchanged on net. Meanwhile, banks reported weaker demand across all residential real estate loan categories and unchanged demand for HELOCs.