observationalist

Banks Stressing the System vs. Potential Winners of the TARP Repayment Race

let's look at some data for loans OTHER than mortgage originations, which is what your "flow of credit to the economy" chart is. If you're going to stick with only mortgage origs, I'd like to see data on applications for mortgages as well. Conforming mortgage lending down 35%... what are applications for conforming mortgages doing? If they're down 35%, is it the banks that are the bottleneck?