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Lenders

Entrepreneurs Are Stopped Cold for Lack of "Skin in the Game"

Jerry Chautin | Posted 06.18.2011 | Business
Jerry Chautin

Passion and a great idea are not enough to start a business. In my last two columns, I wrote that you must demonstrate enough predictable cash flow an...

Homeowners Unlikely To Benefit From Mortgage Lender Settlements

Daily Finance | Catherine New | Posted 06.15.2011 | Business

Will homeowners see a penny of the reimbursements that the government has ordered 16 mortgage lenders to pay? Not likely, foreclosure victims and hous...

Bankers Grab Your Collateral When You Default

Jerry Chautin | Posted 06.07.2011 | Business
Jerry Chautin

Both SBA and conventional lenders want to lien your home. In addition to securing your equity, lenders believe that you will work harder to make the business successful when your home is at risk.

The 10 Major Conclusions Of The Financial Crisis Commission

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011 | Business

In a report released today, the Financial Crisis Inquiry Commission found that "reckless" Wall Street firms, an abundance of cheap credit and "weak" f...

Bankers Win: No Capitol Hill Action on Mortgage Foreclosure Protection for Two Years

Peter G. Miller | Posted 05.25.2011 | Business
Peter G. Miller

Stashed away in a draw somewhere on Capitol Hill is a simple piece of legislation that would have done much to stop the mortgage mess, robo-signing, unfair foreclosures, and the growing claims against lenders.

Climate Action: Part 2 - Down to Business

William S. Becker | Posted 05.25.2011 | Green
William S. Becker

Last year, the Yale Project on Climate Change Communication conducted a survey of American attitudes on climate change. In one question, it asked who ...

10,000 Line Up To Save Homes From Foreclosure At Sacramento 'Save The Dream'

Sacramento Bee | Mark Glover | Posted 05.25.2011 | Business

An estimated 10,000 people were in line Friday morning when the Cal Expo Pavilion's doors opened on a five-day event aimed at helping distressed homeo...

Avoid Foreclosure With The Kindness Of These Strangers

Huffington Post | Sara Yin | Posted 05.25.2011 | Business

The great American Dream of owning a home has never looked so impossible to achieve: roughly 1.65 million homes are in the foreclosure pipeline, housi...

Greece: the Brussels Compromise Compromises the Euro

Georges Ugeux | Posted 05.25.2011 | World
Georges Ugeux

The fact that an agreement was found is a tribute to the capability of Europeans to compromise. But their agreement compromises the status of the Euro as a reserve currency.

1 Out Of 4 Borrowers In Anti-Foreclosure Program Are Late Paying New Mortgage Bill

Washington Post | Renae Merle | Posted 05.25.2011 | Business

So far, more than 650,000 borrowers have been enrolled into the initial, or "trial," phase of the program and have seen their payments lowered by an a...

Goldman Sachs Seizing Homes Subprime Mortgages Bought

McClatchy | Greg Gordon | Posted 05.25.2011 | Business

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...

Government Pays Mortgage Servicers Billions, While Homeowners Suffer

McClatchy Newspapers | Chris Adams | Posted 05.25.2011 | 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 ...

We Need New Banks

Rep. John K. Delaney | Posted 05.25.2011 | Business
Rep. John K. Delaney

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

Investor Carl Icahn Volunteers to Loan CIT $6 Billion To Stay Afloat

AP | STEPHEN BERNARD | Posted 05.25.2011 | Business

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...

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

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

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

You Can Borrow Small Amounts of Business Capital Now

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

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.

Goldman Sachs Will Earn $1 Billion If CIT Fails; U.S. Taxpayers Will Lose $2 Billion

Financial Times | By Henny Sender and Saskia Scholtes | Posted 05.25.2011 | Business

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...

Economic Crisis Compels Economists To Reach For New Paradigm

Wall Street Journal | MARK WHITEHOUSE | Posted 05.25.2011 | Business

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...

Bank of America Trailing Behind Other Banks In Mortgage Relief

Washington Post | Renae Merle | Posted 05.25.2011 | 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...

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

Columbia Journalism Review | Ryan Chittum | Posted 05.25.2011 | Media

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...

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

AP / Huffington Post | By STEPHEN MANNING | Posted 05.25.2011 | Business

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

Where Will the Jobs Come From?

Rep. John K. Delaney | Posted 05.25.2011 | Business
Rep. John K. Delaney

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

SBA's ARC Loans Are Stimulating the Wrong Businesses

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

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.

Lending: Banks Worry about SBA's Guaranty

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

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

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

Iris Martin | Posted 05.25.2011 | Business
Iris Martin

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