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Sustained Credit Tightening And Rising Delinquency – Dallas Fed

  • "Credit standards continued to tighten, and loan pricing continued to rise at an above-average pace this period.”
  • “Loan demand has been declining for over a year, though the pace of decline has eased. Overall loan volume declined at a faster pace over the past six weeks, led by a sharp decline in residential real estate lending.”
  • “Driven by a marked increase in consumer loan delinquency, overall loan nonperformance rose at its highest rate since 2020.”
  • “Bankers remained pessimistic, with expectations of further increases in loan nonperformance, declining loan demand and worsening business activity over the next six months."
  • Whilst clearly not as wide-ranging as the Federal Reserve’s SLOOS, the Dallas Fed Banking Conditions Survey is more timely, with data collected Oct 31 – Nov 8 rather than at the end of Q3 for last week’s SLOOS release.

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