Residential Lending Demand Weakens at Banks

Demand for residential loans at the nation’s banks has weakened over the past three months. Meanwhile, credit standards on most residential products were mostly unchanged.

On single-family loans that meet government-sponsored enterprise qualifications, credit standards have eased at a 10th of banks from three months earlier.

Thirty-eight percent of smaller banks that make GSE loans reported that demand for such loans has diminished over the past three months.

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From:: Financing