Demand For Loans Growing Uneven
6th May, 2011 - Posted by admin - No Comments
The Fed's quarterly survey of senior bank loan officers reported increased demand for loans by large companies, while the appetite for loans from smaller firms rose 10 percent. Demand from consumers for credit was flat except for a slight rise in requests for auto loans, although the willingness of banks to extend loans to consumers hit the highest level since 1994. The report showed a slide in requests for home loans, as analysts had expected, given the depressed state of the U.S. housing market.
The survey showed an easing in lending standards, a sign that financial institutions were taking greater risks to expand credit. Small businesses and consumers were wary about taking advantage of easier credit in the first quarter, but demand for loans among large firms grew.
Posted on: May 6, 2011
Filed under: mortgage news
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