Fed governor Elizabeth Duke: Loan volumes are on the way up later in the year, as financial...

|By:, SA News Editor
Fed governor Elizabeth Duke: Loan volumes are on the way up later in the year, as financial markets continue to recover and housing market begins to emerge. Reduction in credit availability isn't the whole story; demand for credit is lower as businesses build cash positions. CRE will still lag, but compared with the '90s, the problem now is bad fundamentals rather than overbuilding - a good sign.