PGA golfer Dustin Johnson sues Nat Hardwick for $3 million theft

PGA golfer Dustin Johnson sues Nat Hardwick for $3 million theft

Former LandCastle Title CEO was Johnson's attorney and "trusted advisor"

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

Auction.com partners with Google to predict housing trends

Nowcast will predict in real time
W S
Lending

What's happening with residential loans this quarter?

Commercial lending offsets real estate

Lending header
/ Print / Reprints /
| Share More
/ Text Size+

Residential loans are off to a weak start in the first quarter, with real estate loans down a full $10.2 billion for the week ending Feb. 19, according to the latest weekly report from Keefe, Bruyette & Woods.

The large drop in residential loans was offset by gains in commercial lending, which saw $15.3 billion gains for the week. Net loans increased $5.6 billion.

Overall consumer lending was up a modest $500 million, with small increases in both credit card receivables and other consumer loans.

Trends KBW is seeing for the first quarter include mid-single-digit growth in commercial lending, continued declining residential mortgage loans, strong CRE growth at both the large and small banks; and an increase in consumers paying down credit card debt.

After a 5.6% annualized decline in January, commercial loans have rebounded and are now up $27.3 billion for the quarter to date.

On a related note, consumer spending rose a seasonally adjusted 0.4% for January while personal income gained 0.3%, according to the U.S. Department of Commerce. The personal savings rate remains flat at 4.3%.

Recent Articles by Trey Garrison

Comments powered by Disqus