Regarding loans to households, banks reported having eased lending standards on most types of residential real estate (RRE) mortgage loans, while demand for these loans strengthened over the first quarter.
Calculated Risk's Bill McBride spotlights passages in the April Senior Loan Officer Opinion Survey that suggest growing mojo in home mortgage lending, as the Spring market unfolds. He also looks at the perceived risk in lending for energy and extraction companies, but we were more interested in an area of the survey that highlights lending to builders and developers for "commercial real estate" finance. The Survey notes:
On net, survey respondents indicated that their lending standards for CRE loans of all types tightened during the first quarter.5 A significant net fraction of banks reported tightening standards for construction and land development loans and loans secured by multifamily residential properties.