Financial institutions are continuing to show limited signs of a greater willingness to lend to businesses, according to a survey released last week by the Federal Reserve Board. Overall, seven out of the 57 U.S. institutions polled in the quarterly review of lending conditions said they had loosened standards on commercial and industrial loans to large and midsize firms. It was the second straight quarter demonstrating such an easing. Read more…
industrial loans
Lower Delinquency in Commercial Loans
The Mortgage Bankers Association reports that commercial mortgages were among the best-performing loans and leases held by banks and thrifts in the last three months of 2009.
Commercial and industrial loans had delinquency rates of 4.39 percent, followed by commercial mortgages at 5.06 percent.
Construction loans posted the highest delinquency rate at 18.56 percent, followed by single-family mortgages at 12.49 percent.
Source: Associated Press (03/09/10)
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