WASHINGTON—Banks eased lending terms pertaining to maximum loan size and the spread of loan rates on all major commercial real estate loan categories, including construction and land development, nonfarm nonresidential and multifamily loans, according to the Federal Reserve's first-quarter Senior Loan Officer Survey.
Lending standards on most categories of residential real estate loans remained mostly unchanged as standards on auto and credit card loans tightened slightly, the survey found. Standards for residential real estate lending did ease for qualified mortgage jumbo residential mortgages. Banks also reported weaker demand for auto loans, credit card loans and most categories of residential real estate loans.
The survey further found a fraction of domestic banks said they eased standards on loans to large- and middle-market firms and mostly maintained standards on loans to small firms.
The Senior Loan Officer Survey was based on responses from 72 domestic banks and 22 U.S. branches and agencies of foreign banks.