WASHINGTON — Bankers are making more mortgages but still drastically decreasing other types of consumer lending, according to a Treasury Department survey of the largest financial firms receiving government rescue funds.
In its second lending survey of Troubled Asset Relief Program recipients, the Treasury said mortgage origination, including refinancings, rose significantly in February from January. The increase was driven largely by falling interest rates. Of the 21 firms surveyed, 16 said originations rose, and two said they declined. Home equity line lending increased by 18% on average.