by Calculated Threat on 11/12/2024 02:00:00 PM
From the Federal Reserve: The October 2024 Senior Mortgage Officer Opinion Survey on Financial institution Lending Practices
The October 2024 Senior Mortgage Officer Opinion Survey on Financial institution Lending Practices (SLOOS) addressed modifications within the requirements and phrases on, and demand for, financial institution loans to companies and households over the previous three months, which usually correspond to the third quarter of 2024.
Relating to loans to companies over the third quarter, survey respondents reported, on steadiness, mainly unchanged lending requirements for business and industrial (C&I) loans to giant and middle-market corporations and tighter requirements for loans to small corporations.2 In the meantime, banks reported weaker demand for C&I loans to corporations of all sizes. Moreover, banks reported tighter requirements and weaker demand for all business actual property (CRE) mortgage classes.
For loans to households, banks reported, on steadiness, mainly unchanged lending requirements and weaker demand throughout most classes of residential actual property (RRE) loans. As well as, banks reported mainly unchanged lending requirements and demand for dwelling fairness traces of credit score (HELOCs). Furthermore, requirements reportedly tightened for bank card loans and remained mainly unchanged for auto and different client loans, whereas demand weakened for auto and different client loans and remained mainly unchanged for bank card loans.
emphasis added
Click on on graph for bigger picture.
This graph on Residential Actual Property demand is from the Senior Mortgage Officer Survey Charts.
This graph is for demand and exhibits that demand has declined.
The left graph is from 1990 to 2014. The precise graph is from 2015 to Q3 2024.
