Lending standards for corporate loans remained broadly unchanged in the first quarter of 2022, according to the Federal Reserve’s Senior Loan Officers Opinion Poll released today. Lenders reported a general relaxation of consumer credit standards during the survey period.
- C&I Standards for commercial and industrial lending to companies of all sizes were essentially unchanged in the first quarter after four quarters of easing. C&I loan conditions have generally eased for large and mid-sized companies, although net percentages have reported tightening in premia for riskier loans and collateral requirements, while net percentages for small companies have seen tightening in the cost of lines of credit, premia for riskier loans and collateral requirements. Demand for C&I loans had generally increased for small, medium and large companies.
- CRE. A modest net share of banks reportedly eased standards for commercial real estate loans secured by multi-family dwellings, while standards for construction and development loans and loans for non-agricultural non-residential real estate remained essentially unchanged. Loans secured by multi-family residential properties were in greater demand on balance.
- mortgages. Overall, standards have been eased for all types of mortgages and home equity lines of credit, although demand for all types of mortgages has declined overall. HELOCS, on the other hand, saw an increase in demand, with a net 5.3% saying demand was moderate or significantly stronger.
- personal loan. Banks reported a greater willingness to provide consumer installment loans than three months earlier – 18.6% net said they were slightly more willing to do so. On the web, standards for credit cards, car loans and other types of personal loans have been relaxed. Banks also reported increased net demand for all types of personal loans.