by Calculated Danger on 5/06/2024 02:49:00 PM
From the Federal Reserve: The April 2024 Senior Mortgage Officer Opinion Survey on Financial institution Lending Practices
The April 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 typically correspond to the primary quarter of 2024.
Concerning loans to companies, survey respondents reported, on stability, tighter requirements and weaker demand for industrial and industrial (C&I) loans to companies of all sizes over the primary quarter. In the meantime, banks reported tighter requirements and weaker demand for all industrial actual property (CRE) mortgage classes.
Banks additionally responded to a set of particular questions on modifications in lending insurance policies and demand for CRE loans over the previous 12 months. For all CRE mortgage classes, banks reported having tightened all queried lending insurance policies, together with the unfold of mortgage charges over the price of funds, most mortgage sizes, loan-to-value ratios, debt service protection ratios, and interest-only fee intervals.
For loans to households, banks reported that lending requirements tightened throughout some classes of residential actual property (RRE) loans whereas remaining unchanged for others on stability. In the meantime, demand weakened for all RRE mortgage classes. As well as, banks reported tighter requirements and weaker demand for residence fairness traces of credit score (HELOCs). Furthermore, for bank card, auto, and different client loans, requirements reportedly tightened and demand weakened.
Whereas banks, on stability, reported having tightened lending requirements additional for many mortgage classes within the first quarter, decrease internet shares of banks reported tightening lending requirements than within the fourth quarter of final 12 months throughout most mortgage classes.
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 graphs are from 1990 to 2014. The correct graphs are from 2015 to Q1 2024.
