Banks left lending standards unchanged for most residential mortgages in the third quarter of 2019, even as demand rose significantly. Underwriting for commercial real estate loans stiffened.

Nonbanks dominate in residential lending nowadays but at least in multifamily finance they have a bit of girth. The analysis is based on 2018 HMDA data. (Includes data chart.)

In January, the origination forecast for 2019 looked bleak but that was before rates began their relentless descent. Today? Optimism abounds with several shops reporting strong lending results for 3Q19.