Financial institutions are reporting waning demand for government-sponsored enterprise loans and government-backed home loans. Also weakening was demand for home-secured credit lines.
The October 2017 Senior Loan Officer Opinion Survey on Bank Lending Practices was released Monday by the Federal Reserve Board.
According to the Fed, the report reflects changes from three months earlier in credit standards and demand for a variety of consumer and commercial bank loans, among other things.
Source: Mortgage Daily