Lenders

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White House Plans To Step Up Pressure On Lenders To Help Homeowners

AP | MARTIN CRUTSINGER | Posted 11.29.2009 | Business

Read More: White House, Foreclosure Crisis, Subprime Mortgages, Loan Modifications, Loan Conversions, Lenders, Home Affordable Modification Program, Treasury, Mortgage Crisis, Financial Crisis, Obama, Foreclosure, Barack Obama, Business News

WASHINGTON (AP/HuffPost)-- The Obama administration, battling a foreclosure crisis that shows no signs of relenting, will step up pressure on mortgage...

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Media Downplays News About 'Troubled' Banks, According To Columbia Journalism Review

Columbia Journalism Review | Ryan Chittum | Posted 11.25.2009 | Media

Read More: Fdic, The New York Times, Financial TImes, The Washington Post, The Wall Street Journal, Federal Deposit Insurance Corporation, Banks, Troubled Banks, Lenders, Small Banks, Financial Crisis, Medium Size Banks, Media News

The major business press underplays news from the FDIC that its troubled-banks list soared to more than 550 in the third quarter. The FDIC now conside...

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We Need New Banks

John K. Delaney | Posted 11.18.2009 | Business

Read More: Small Business Administration, Small Business, Economic Stimulus, Economic Recovery, Bank Lending, Lenders, Finance, Business News

The Obama Administration should charter 100 new special "Business Banking Charters," to aggressively participate in lending to small- to mid-sized companies.

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Economic Crisis Compels Economists To Reach For New Paradigm

Wall Street Journal | MARK WHITEHOUSE | Posted 11.02.2009 | Business

Read More: Economy, Policy, The Fed, Recession, Ben Bernanke, Collateral, University, Mortgage, Credit, Economic Policy, Lenders, Finance, College, Rational Expectations, Bernanke, Crisis, Economists, Banks, Academics, Theory, Colleges, Economic Theory, Universities, Business News

The pain of the financial crisis has economists striving to understand precisely why it happened and how to prevent a repeat. For that task, John Gean...

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You Can Borrow Small Amounts of Business Capital Now

Jerry Chautin | Posted 11.02.2009 | Business

Read More: Women’s Business Centers, Small Business Loans, Working Capital, Obama Administration, Obama, Loan Application, Lenders, SBA 7a, Working Capital Loans, Small Business Owners, Score, SBA Express Loans, Business News, Recovery Act, Innovative Bank, Borrego Express Capital Lending, Borrego Springs Bank, Sbdc, Start Up Loans, SBA Loans, Stimulus, Superior Financial Group, Barack Obama, Pilot Program, Credit Score, Technical Assistance Providers, Borrowing Money, Lending Programs, Credit Scoring, Banks, Equipment Loans, Sba, Business Loans, Small Business Development Centers, Hubzones, Community Express, Small Business, Sfg, Business News

Although small business, economic stimulus lending is being widely criticized, $5,000 to $25,000 is available to you if you have a reasonable credit score and meet basic underwriting criteria.

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Goldman Sachs Seizing Homes Subprime Mortgages Bought

McClatchy | Greg Gordon | Posted 11.02.2009 | Business

Read More: Mtglq, Cases, Hank Paulson, Lawsuits, Middle Class, Suits, Goldman Sachs Subsidiaries, Housing Crisis, Working Class, Goldman Sachs, Judge Roger Efremsky, Lenders, Home Prices, Foreclosure, Subprime, Repossession, Roger Efremsky, Ge, Mortgage Brokers, Mortgage Crisis, Homeowners, Securities Exchange Commission, WMC Mortgage Corp, Judge William Aslup, Wall Street, GE Money, Wiliam Aslup, Henry Paulson, Banks, Sec, Subsidiaries, Business News

Goldman spent years buying hundreds of thousands of subprime mortgages, many of them from some of the more unsavory lenders in the business, and packa...

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CIT Bankruptcy Filed: US Will Likely Lose $2.3 Billion, Goldman Sachs Will Gain $1 Billion

AP / Huffington Post | By STEPHEN MANNING | Posted 11.01.2009 | Business

Read More: Short-Term Finance, Retailers, Geithner, Timothy Geithner, Goldman Sachs, Lending, Retail, CIT Bailout, Tim Geithner, Carl Ichan, Bailout, Finance, Lenders, Treasury, Cit, Banks, Wall Street, Ichan, Business News

WASHINGTON -- Lender CIT Group has filed for Chapter 11 bankruptcy protection, in an effort to restructure its debt while trying to keep loans flowing...

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Carl Icahn Extends CIT $6 Billion Loan To Help Stay Afloat

AP | STEPHEN BERNARD | Posted 10.19.2009 | Business

Read More: Bankruptcy, Cit Group, Carl Icahn, Lenders, Consumer Finance Company, Carl Icahn CIT, Cit, Business News

NEW YORK — In another sign that CIT Group Inc. is struggling to restructure its debt, billionaire investor Carl Icahn offered the lender a $6 bi...

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Bank of America Trailing Behind Other Banks In Mortgage Relief

Washington Post | Renae Merle | Posted 10.12.2009 | Business

Bank of America employees are reminded every day of how far they still have to go. Just outside the elevators of their vast third-floor command center...

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Government Pays Mortgage Servicers Billions, While Homeowners Suffer

McClatchy Newspapers | Chris Adams | Posted 10.04.2009 | Business

WASHINGTON -- The federal government is engaged in a massive mortgage modification program that's on track to send billions in tax dollars to many of ...

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Goldman Sachs To Be Paid $1 Billion If CIT Fails; Taxpayers Would Lose $2 Billion

Financial Times | By Henny Sender and Saskia Scholtes | Posted 10.04.2009 | Business

Read More: Chapter 11, Goldman Sachs, Credit Default Swaps, Finance, CIT Bankruptcy, Treasury, Cit, Timothy Geithner, Bankruptcy, Geithner, Lenders, Bailouts, Blankfein, Lloyd Blankfein, Business News

Goldman Sachs stands to receive a payment of $1bn -- while US taxpayers would lose $2.3bn -- if embattled commercial lender CIT files for Chapter 11 b...

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Where Will the Jobs Come From?

John K. Delaney | Posted 10.02.2009 | Business

Read More: Economic Recovery, Small Business, Lenders, Finance, Job Creation, Small Business Administration, Business News

To be an employed nation we have to return to our roots and embrace, encourage and reward entrepreneurs and small businesses.

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SBA's ARC Loans Are Stimulating the Wrong Businesses

Jerry Chautin | Posted 10.22.2009 | Business

Read More: American Recovery and Reinvestment Act, Banks, Lenders, Taxpayer Money, SCORE Mentor, Sba, Arc Loans, Stimulus, Taxpayers, Karen Mills, Business News

SBA expects 60 percent of its ARC loans to go into default even though principal payments are not due for 12 months. So save this column to help you remember why you should be outraged.

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Lending: Banks Worry about SBA's Guaranty

Jerry Chautin | Posted 09.28.2009 | Business

Read More: Inspector General, Small Business, Small Business Administration, Lenders, Lending, Loans, Banks, Sba, Loan Programs, Recovery Act, Arc Loans, Patriot Express, Arc, Business News

SBA's loan programs are less effective because lenders fear may find a reason not to honor its guaranty.

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Homeowner, Don't Let the Wolf in Your Door!

Iris Martin | Posted 05.04.2009 | Business

Read More: Mortgage, Lending, Homeowner, Foreclosure, Mortgage Wars, Nking Crisis, Lenders, Loans, Business News

Foreclosure firms are so used to actions just going through unopposed. Now people are paying attention and pointing out the gaps.

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Put the Bankers Back to Work

E. Glen Weyl | Posted 03.08.2009 | Business

Read More: Tarp, Federal Reserve, Banking Crisis, Financial Crisis, Credit Crisis, Bailout, Economic Crisis, Lenders, Congressional Bailout, Business News

The Fed and Congress may be good at managing monetary policy and passing laws, but they are not loan officers nor bond investors.

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Share the Pain: How to Deal with the Housing Crisis

John H. Vogel Jr. | Posted 11.22.2008 | Business

Read More: Mortgages, Financial Crisis, Housing and Economic Recovery Act of 2008, Lenders, Economy, Housing Crisis, Business News

Rather than bail out the lenders or the homeowners, both parties must live with some of the consequences of their mistakes.

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Fallout From the Housing Crisis

Jim Randel | Posted 09.14.2008 | Business

Read More: Securitization, United States Financial System, Edward E. Yardeni, Student Loans, Investment Banks, Lenders, Commercial Mortgages, Business News

The US financial system sold the world's investors mortgage securities that were founded on faulty assumptions that a) U.S. homeowners will never default, and b) that U.S. housing prices always go up.

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Starbucks' 600 Mistakes?

Jim Randel | Posted 07.15.2008 | Business

Read More: Landlords, Real Estate, Economy, Investment, Lenders, Starbucks Closing, Starbucks Coffee, Starbucks, Business News

Starbucks will survive of course and probably prosper after closing 600 locations, but its reputation as a primo-tenant and a trend-setting real estate visionary has been tarnished.

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Fed Cut Is Bad News For Savers

USA Today | Barbara Hagenbaugh | Posted 03.28.2008 | Business

Read More: Adjustable-Rate Mortgages, Savers, Interest Rate Cut, Raised Fees, Write-Downs, Fed Cut, Federal Reserve, Home-Equity Loans, Credit Card Rates, Lenders, Business News

The Fed's cut is good news for borrowers but bad for savers. Lenders cut the prime rate, the benchmark for many home-equity loans. Credit card rates ...

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