Banks report tighter lending standards, weaker demand for mortgages and HELOCs
Housing Wire
JULY 31, 2023
banks have tightened their lending standards for residential real estate (REE) loans and home equity lines of credit (HELOC) in the second quarter amid the collapse of regional banks and a cascade of interest rate hikes by the Federal Reserve to tame inflation. A 40%-plus net share of all U.S. branches and agencies of foreign banks.
Let's personalize your content