The Impact of Oil Prices on Bank Lending or “Will the Tail Wag the Dog?”
The Federal Reserve Board recently released its survey of senior bank loan officers. The April 2015 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the...
View ArticleMortgage Debt Outstanding: Using “Scissors” to Cut the Data
According to the Federal Reserve Bank of New York’s latest Household Debt and Credit Report, total household debt outstanding rose by $24 billion, 0.2%, between the fourth quarter of 2014 and the first...
View ArticleResidential Mortgages: Who Borrows What?
The Financial Accounts of the United States shows continued improvement in the aggregate home equity position of U.S. households. Household holdings of real estate, measured on a not seasonally...
View ArticleHouseholds’ Aggregate Home Equity Rose Over the Year
According to the Federal Reserve Board’s fourth quarter of 2015 release of its Financial Accounts of the United States report, household holdings of real estate, measured on a not seasonally adjusted...
View ArticleMarket Dynamics Contribute to Consumer Credit Growth
Consumer credit outstanding grew by a seasonally adjusted annual rate of 5.8%, $206.6 billion, in the month of February 2016, 0.7 percentage point faster than the 5.1% rate of growth recorded in...
View ArticleBanks Report Continued Tightening on Multifamily, AD&C Loans
Credit standards on loan applications for commercial real estate loans (CRE), which includes land development and construction, multifamily, as well as nonfarm nonresidential loans, tightened over the...
View ArticleConsumer Credit Grows on Eased Lending Standards
The Federal Reserve Board reported that consumer credit outstanding grew by a seasonally adjusted annual rate of 10.0% over the month of March 2016, 5.2 percentage points faster than its growth rate in...
View ArticleSerious Delinquency Rates Continue to Fall
In its quarterly National Delinquency Survey, the Mortgage Bankers Association reported that 3.29% of 1-4 family mortgages were seriously delinquent in the first quarter of 2016. Measured on a not...
View ArticleLending Standards on AD&C Financing Continue to Ease, but at a Diminished Pace
According to NAHB’s Survey on Acquisition, Development & Construction Financing, builders and developers again reported easing credit standards for acquisition, development, and construction...
View ArticleConsumer Credit Outstanding Grows on Auto, Student Loans
Consumer credit outstanding grew by a seasonally adjusted annual rate of 4.5%, $161.0 billion, in the month of April 2016, 5.1 percentage points slower than the 9.6% rate of growth recorded in March....
View ArticleHome and Multifamily Residential Debt Expand
According to the Federal Reserve Board’s first quarter of 2016 release of its Financial Accounts of the United States report, household holdings of real estate, measured on a not seasonally adjusted...
View ArticleMore Banks Tighten Credit Standards on MF Debt
Results from the most recent Senior Loan Officer Opinion Survey (SLOOS) indicate that lending standards on multifamily residential mortgages continue to show signs of tightening and the pace of...
View ArticleCredit Standards on AD&C Construction Lending: A Tale of Two Sectors
According to NAHB’s Survey on Acquisition, Development & Construction Financing, residential real estate builders and developers reported that credit conditions for acquisition, development, and...
View ArticleHome Equity Growth Even as Homeownership Declines
According to the Federal Reserve Board’s second quarter of 2016 release of its Financial Accounts of the United States report, household holdings of real estate, measured on a not seasonally adjusted...
View ArticleFOMC Statement: All Eyes on December
The statement released following the September meeting of the Federal Open Market Committee (FOMC) fell in line with market expectations as the committee chose to keep the federal funds rate unchanged....
View ArticleFed Report Shows Strong Consumer Credit Growth
Consumer credit outstanding expanded by a seasonally adjusted annual rate of 8.5% over the month of August 2016, 2.6 percentage points faster than its growth rate in July, 5.9%. According to the...
View ArticleNon-Mortgage Consumer Debt Accelerates
The Federal Reserve Board reported that consumer credit outstanding grew by a seasonally adjusted annual rate of 7.0% over the third quarter of 2016, 0.6 percentage point faster than the 6.4% rate of...
View ArticleNAHB Survey: AD&C Financing Standards Continue to Ease
Builders and developers continue to report easing credit conditions for acquisition, development, and construction (AD&C) loans according to NAHB’s survey on AD&C Financing. However, the pace...
View ArticleGrowth in Homeowners’ Equity Continues
According to the Federal Reserve Board’s third quarter of 2016 release of its Financial Accounts of the United States report, household holdings of real estate, measured on a not seasonally adjusted...
View ArticleLending Conditions Tighten (But Less than Expected)
The recently released results of the Federal Reserve Board’s quarterly Senior Loan Officer Opinion Survey (SLOOS) show some tightening of lending conditions in the first quarter of 2019. While many...
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