by Calculated Risk on 8/02/2021 05:50:00 PM
From the Federal Reserve: The July 2021 Senior Loan Officer Opinion Survey on Bank Lending Practices
The July 2021 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the second quarter of 2021.
Regarding loans to businesses, respondents to the July survey, on balance, reported easier standards and stronger demand for commercial and industrial (C&I) loans to firms of all sizes over the second quarter.2 For commercial real estate (CRE), standards on multifamily and construction and land development loans eased, while standards on loans secured by nonfarm nonresidential properties remained basically unchanged. Banks reported stronger demand for all CRE loan categories.
For loans to households, banks eased standards across most categories of residential real estate (RRE) loans, on net, and reported stronger demand for most types of RRE loans over the second quarter. Banks also eased standards and reported stronger demand across all three consumer loan categories–credit card loans, auto loans, and other consumer loans.
This graph on Residnetial Real Estate lending is from the Senior Loan Officer Survey Charts.
This shows that banks have eased standards (tightened for subprime), and that there is increased demand for RRE loans.