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Lending Standards Tighten on Construction and Land Development Loans
November 04, 2015
Over the third quarter of 2015, loaners tightened credit standards on applications for construction and land development.
“According to the most recent iteration of the Federal Reserve Board’s Senior Loan Officer Opinion Survey, a net share of 4.4% said that lending standards at their respective commercial bank tightened,” the NAHB reports.
The tightening was seen at both large banks and other banks.
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