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Domestic Banks Tighten CRE Underwriting; Foreign Banks Not So Much

WASHINGTON, DC—These are the findings of the Fed’s latest Senior Loan Officer Opinion Survey on Bank Lending Practices.

The Federal Reserve Bank in Washington DC The Federal Reserve Bank in Washington DC

WASHINGTON, DC—Domestic bank respondents told the Fed that their lending standards for CRE loans of all types tightened during the second quarter, singling out construction and land development loans and loans secured by multifamily properties, according to the July 2016 Senior Loan Officer Opinion Survey on Bank Lending Practices.

By contrast, “all” of foreign banks surveyed by the Fed reported leaving CRE lending standards basically unchanged.

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Erika Morphy

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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