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Lending Crisis

Banks' Hoarding At ECB Hits Record, Signaling Lending Fears Still Loom

Reuters | Posted 03.04.2012 | Business

FRANKFURT, Jan 4 (Reuters) - Commercial banks' overnight deposits at the European Central Bank hit a new record high of 453 billion euros, data show...

Is Our Destiny Pottersville or Bedford Falls?

Tom Gerdy | Posted 02.27.2012 | Business
Tom Gerdy

Small businesses have always been the backbone of the economy in America. The current leaders seem to have forgotten this piece of our economic puzzle.

Unrequited Loan: Banks Just Can't Seem to Commit...

Ron Gitter | Posted 11.13.2011 | New York
Ron Gitter

Thousands of residential co-op and condo loans close each day, but many of those loans have taken a great deal of time and effort to complete.

Gone Baby Gone: Can a Dying Deal Be Saved?

Ron Gitter | Posted 09.25.2011 | New York
Ron Gitter

As the struggling recovery inches along, many of us on the ground know residential real estate's dirty little secret: getting to the closing table has become increasingly more difficult.

Customers Close Accounts To Protest Wall Street, Abusive Lending Practices

Center for Public Integrity | Ben Hallman | Posted 05.25.2011 | Business

The death blow for Michael Dalrymple's Phoenix eco-friendly building supply company was the credit freeze that paralyzed the banking system and the na...

U.S. Small Businesses Turn To Microlenders For Funding | Ylan Q. Mui | Posted 05.25.2011 | Business

When Ryan Fochler couldn't get a bank loan to start his dog-walking business, Ylan Q. Mui writes, he tried a less conventional source for start-up fun...

FDIC: Bank Lending Tumbles 7.5 Percent In 2009 | Binyamin Appelbaum | Posted 05.25.2011 | Business

Lending by the banking industry fell by $587 billion, or 7.5 percent, in 2009, the largest annual decline since the 1940s, the Federal Deposit Insuran...

Shahien Nasiripour

Mortgage Lenders Making Record Profits, Consumers Suffer | Shahien Nasiripour | Posted 05.25.2011 | Business

Never ones to let an opportunity go unexploited, mortgage lenders are taking advantage of a market fueled by low interest rates and massive government...

Bankrupt Firms Claim Billions in U.S. Stimulus

ABC News | Tom Hals | Posted 05.25.2011 | Business

WILMINGTON, Delaware (Reuters) - The U.S. government has provided more than $1 trillion of support to financial companies in a bid to keep credit flow...

Are Bank Executives Really Stuck in the Fog?

Rep. Edolphus Towns | Posted 05.25.2011 | Politics
Rep. Edolphus Towns

Common sense should have told these gentlemen that when the President of the United States summons you to the White House, you check the weather ahead of time and plan accordingly.

Chairman Bernanke, We Don't Believe It Is Over

Michelle Kraus | Posted 05.25.2011 | Politics
Michelle Kraus

There is a reason that the American people are losing ObamaHope. It's not just unemployment. The reality cuts much deeper than the everyday lives of normal people.

Brokering the Bailout

John O'Kane | Posted 05.25.2011 | Politics
John O'Kane

Bailing out big banks has hardly contributed to a climate conducive to free markets and competition. On the contrary, it has allowed institutions already too big to fail to gobble up other banks.

Real Change: Turning Up the Heat on Non-Bank Lenders

Sen. Elizabeth Warren | Posted 05.25.2011 | Business
Sen. Elizabeth Warren

The big banks are storming Washington, determined to kill the Consumer Financial Protection Agency. But there is an even bigger change in the wind: regulating the non-banks.

Jason Linkins

Local Credit Unions Vs. Big Banks: Can You Get A Loan? | Jason Linkins | Posted 05.25.2011 | Business

If one could reduce the point of all the massive government planning and intervention and bailouts down to a single pressing need, it's this: we must ...

Smaller Cities Avoid Consumer Lending Crunch

Wall Street Journal | DAN FITZPATRICK | Posted 05.25.2011 | Business

Consumer-lending activity has increased in numerous midsize cities in the U.S., a sign they are riding out the recession better than big cities and ru...

Christina Romer Gets it Wrong: "We Need Banks to Lend Like Crazy"

Steve Clemons | Posted 05.25.2011 | Politics
Steve Clemons

"Lending like crazy" is exactly what helped trigger the global financial crisis -- and reflating those trends would be a major mistake if that is what the Obama administration is pushing.

Lending is Contracting -- As Well It Should

Hale "Bonddad" Stewart | Posted 05.25.2011 | Business

There is a rather ridiculous line of thought going on regarding the banking industry: if you receive TARP funds then lending is supposed to increase.

A New Closing Dynamic

Jim Randel | Posted 05.25.2011 | Business
Jim Randel

It seems to me that if the seller and buyer are in agreement on all terms, then the mechanics of the closing should never delay the manifestation of the parties' desire and intent, i.e. money for deed.

Treasury to Promote Homeownership? Not so fast

Mark Winston Griffith | Posted 05.25.2011 | Business
Mark Winston Griffith

A version of this entry was posted on the DMI blog. It's remarkable how the Bush Administration keeps missing the mark on the mortgage and foreclosur...

Short Selling Rules Expire Today

Reuters | Posted 05.25.2011 | Business

Last month, the SEC imposed a temporary rule that requires investors to borrow stock before executing a short sale in 19 major Wall Street firms such ...

Credit Unions Lose Money On Paper: "Nobody Is Insulated From This"

Wall Street Journal | Mark Maremont | Posted 05.25.2011 | Business

Credit unions are not-for-profit, member-owned cooperatives that take deposits and lend money like banks. The mortgage problems are focused on so-call...

HSBC Sees Dive In Profits, Jump In Negative-Equity Loans

Daily Mail | Becky Barrow | Posted 05.25.2011 | Business

More than one in 10 mortgages are in negative equity or close to being plunged into it, one of the world's biggest banks admitted today. HSBC said it...

Housing Lenders Worry Of An Even Bigger Second Wave Of Loan Defaults

New York Times | Vikas Bajaj | Posted 05.25.2011 | Business

The first wave of Americans to default on their home mortgages appears to be cresting, but a second, far larger one is quickly building. Homeowners w...

Will Skittish Banks Slow U.S. Economy Even More?

New York Times | Peter S. Goodman | Posted 05.25.2011 | Business

"The second half of the year is shot," said Michael T. Darda, chief economist at the trading firm MKM Partners in Greenwich, Conn., who was until rece...

Foreclosures Double From Last Year

Reuters | Posted 05.25.2011 | Business

NEW YORK (Reuters) - Home foreclosure filings rose 14 percent in the second quarter, the eighth consecutive quarterly climb, and more than doubled fro...