Fed: C&I Demand Up, but Slowing
Zindler, Ethan, American Banker
WASHINGTON -- Banks have not tightened standards on home equity loans despite a supervisory letter in May from regulators warning that they posed unique risks, the Federal Reserve Board said Monday.
"Only five banks reported having tightened price-related terms and only a few banks reported having tightened their non-price-related terms and credit standards on such facilities," the Fed said in its quarterly survey of senior loan officers.
As for primary mortgages, the central bank said lenders over the past two years had eased terms, including the maximum size of primary and second mortgages and the maximum loan-to-value ratio.
Though demand for consumer …
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Publication information: Article title: Fed: C&I Demand Up, but Slowing. Contributors: Zindler, Ethan - Author. Magazine title: American Banker. Volume: 170. Issue: 217 Publication date: November 8, 2005. Page number: 4. © 2009 SourceMedia, Inc. COPYRIGHT 2005 Gale Group.
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