Demand for residential loans at the nation’s banks has weakened over the past three months. Meanwhile, credit standards on most residential products were mostly unchanged.
On single-family loans that meet government-sponsored enterprise qualifications, credit standards have eased at a 10th of banks from three months earlier.
Thirty-eight percent of smaller banks that make GSE loans reported that demand for such loans has diminished over the past three months.
Source: Mortgage Daily
