Last week, the Federal Reserve released its quarterly Senior Loan Officer Survey. The trends remained mostly similar to the previous report released in January.
"Overall, the respondent banks reported mixed changes in lending standards and terms over the past three months and somewhat weaker demand for most loan types," the report said. Regarding mortgage loans, the survey did separate out prime, nontraditional and subprime loans. The survey suggests that respondents have tightened up their standards for making nontraditional and subprime loans.