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Lending Crisis

Shahien Nasiripour

Despite Housing Slump, Mortgage Lenders Making Record Profits From Fees

HuffingtonPost.com | Shahien Nasiripour | Posted 10.08.2009 | Business

Read More: Mortgage Brokers, Mortgage Lenders, Mortgage Crisis, Lending Crisis, Mortgages, Mortgage Bankers Association, Consumers Union, Bailout Bandits, Bailout, Guy Cecala, Inside Mortgage Finance, Financial Crisis, Banks, Consumers, Business News

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

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Chairman Bernanke, We Don't Believe It Is Over

Michelle Kraus | Posted 09.16.2009 | Politics

Read More: Tarp, Economics, Mortgage Crisis, Media, Obama Health Care, Recession, Lending Crisis, Investment Banks, Wall Street, Rachel Maddow, Joe Wilson, Bernanke, Health Care Reform, Banks, Fed Chairman Ben Bernanke, Refinancing, Economic Recovery, Ben Bernanke, Media News, Wall Street Bonuses, Tea Party, Politics News
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.

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Brokering the Bailout

John O'Kane | Posted 11.12.2009 | Politics

Read More: Lending Crisis, Recovery, Bailout, Mortgage Crisis, Banks, Federal Reserve, Ben Bernanke, Home Loans, Recession, Politics News
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.

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

Elizabeth Warren | Posted 10.19.2009 | Business

Read More: Lending Crisis, Mortgage Crisis, Regulation, Banks, Subprime Mortgages, Non-Bank Lenders, Lending, Elizabeth Warren, Cfpa, Business News
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.

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Jason Linkins

Local Credit Unions Vs. Big Banks: Can You Get A Loan?

HuffingtonPost.com | Jason Linkins | Posted 05.10.2009 | Business

Read More: Hank Paulson, Lending Crisis, Timothy Gueithner, Local Banks, Tarp, Bank Loan, Business News

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 ...

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Smaller Cities Avoid Consumer Lending Crunch

Wall Street Journal | DAN FITZPATRICK | Posted 04.30.2009 | Business

Read More: Lending Crisis, Lending Small Cities, Small Cities Lending, Credit Crisis, Midsize Cities Credit Crunch, Credit Crunch Midsize Cities, Huntsville-Alabama, Business News

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...

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

Steve Clemons | Posted 04.22.2009 | Politics

Read More: Christopher Dodd, Financial Crisis, Bank Lending, Economic Policy, John King, Barack Obama, Christina Romer, Lending Crisis, Lending, Christina Romer Lending, 100 Days, Obama Administration, Obama Economy, Politics News
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.

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Citibank Will Boost Lending By $36.5 Billion

AP | MADLEN READ | Posted 03.25.2009 | Business

Read More: Credit Availability, Lending Crisis, Credit Crunch, Credit Crisis, Lending Standards, Credit Markets Tight, Citibank Lending, Citibank, Bailout Outrage, Business News

NEW YORK — Citigroup, under pressure to increase its lending, says it will spend $36.5 billion to issue mortgages, make credit card loans and bu...

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Lending is Contracting -- As Well It Should

Hale "Bonddad" Stewart | Posted 02.27.2009 | Business

Read More: Economy, Lending Crisis, Tarp, Financial Crisis, Banking Crisis, Lending, Business News
Hale

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.

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A New Closing Dynamic

Jim Randel | Posted 02.19.2009 | Business

Read More: Investing, Real Estate, Money, Finance, Economy, Mortgage Lenders, Houses, Apartments, Buying Real Estate, Business, Public Financing, Buying, Lending Crisis, Buying a House, Selling, Banks, Buying Property, Business News
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.

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Treasury to Promote Homeownership? Not so fast

Mark Winston Griffith | Posted 01.04.2009 | Business

Read More: Lending Crisis, Banks, Homeowners, Government Bailout, Subprime Loans, Economy, Treasury Secretary, Business News
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...

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Short Selling Rules Expire Today

Reuters | Posted 09.12.2008 | Business

Read More: Citigroup, Sec, Freddie Mac, Lehman Brothers, Financials, Fannie Mae, Short Selling Ban, Banking Crisis, Lending Crisis, Short Selling, Shorting Ban, Shorting, Business News

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 ...

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

Wall Street Journal | Mark Maremont | Posted 09.11.2008 | Business

Read More: Constitution Corporate Federal Credit Union, Southwest Corporate Federal Credit Union, Economy, Members United Corporate Federal Credit Union, U.S. Central Federal Credit Union, Western Corporate Federal Credit Union, Credit Union Stability, Credit Union Run, Lending Crisis, Credit Unions, Business News

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...

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Fannie Mae Loses $2.3 Billion, Slashes Dividend

AP | Posted 09.08.2008 | Business

Read More: Fannie Mae Losses, Fannie Mae, Housing Crisis, Fannie Mae Dividend, Lending Crisis, Mortgage Crisis, Business News

WASHINGTON - Mortgage finance company Fannie Mae says it swung to a second-quarter loss that was more than triple what Wall Street expected as the hou...

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Freddie Mac Loses $821 Million As Fewer Homeowners Can Pay Loans

AP | J.W. ELPHINSTONE | Posted 09.06.2008 | Business

Read More: Lending Crisis, Recession, Freddie Mac, Freddie Mac Earnings, Homeowners, Home Loans, Economy, Business News

NEW YORK — Freddie Mac on Wednesday posted a second-quarter loss that was more than three-times larger than Wall Street expected as a huge numbe...

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

Daily Mail | Becky Barrow | Posted 08.12.2008 | Business

Read More: Economy, Negative-Equity, Domino Effect, Lending Crisis, Hsbc, Recession, Mortgage Crisis, Negative-Equity Loans, Business News

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...

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

New York Times | Vikas Bajaj | Posted 08.11.2008 | Business

Read More: Subprime Crisis, Second Wave of Loan Defaults, Subprime Mortgage Crisis, Mortgage Crisis, Second Wave of Defaults, Housing Crisis, Housing Woes, Alt-A, Alt-a Loans, Prime Mortgages, Lending Crisis, Business News

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...

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Naked Short-Selling Ban Extended Through August 12 -- But That's It

AP | RICHARD JACOBSEN | Posted 08.07.2008 | Business

Read More: Short-Selling, Naked Short-Selling, Sec, Christopher Cox, Fannie Mae, Freddie Mac, Short-Selling Ban Extended, Naked Short-Selling Ban Extended, Financials, Lending Crisis, Banking Crisis, Recession, Economy, Business News

Federal regulators on Tuesday extended through mid-August a temporary order banning a certain kind of short-selling of the stocks of mortgage finance ...

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

New York Times | Peter S. Goodman | Posted 08.05.2008 | Business

Read More: Banking Crisis, Lending Crisis, Financials, Loans, Business News

"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...

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Foreclosures Double From Last Year

Reuters | Posted 08.02.2008 | Business

Read More: Foreclosure Filings, RealtyTrac, Foreclosure, Foreclosure Rate, Housing Crisis, Lending Crisis, Mortgage Crisis, Business News

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

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Congress Approves Housing Rescue Bill

AP | JULIE HIRSCHFELD DAVIS | Posted 07.31.2008 | Business

Read More: Housing Rescue, Congress, George W. Bush, Fannie Mae, Freddie Mac, Housing Crisis, Lending Crisis, Business News

WASHINGTON — Rescue legislation sailed through the House on Wednesday aimed at helping 400,000 strapped homeowners avoid foreclosure and prevent...

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House OKs rescue for homeowners, Freddie, Fannie

AP | JULIE HIRSCHFELD DAVIS | Posted 07.31.2008 | Business

Read More: George W. Bush, Fannie Mae, Freddie Mac, Housing Crisis, Lending Crisis, Recession, Henry Paulson, Ben Bernanke, Veto, Housing Veto, Housing Rescue, Business News

WASHINGTON — Rescue legislation sailed through the House on Wednesday aimed at helping 400,000 strapped homeowners avoid foreclosure and prevent...

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Fannie, Freddie Bailout Could Cost Taxpayers $25 Billion

New York Times | David M. Herszenhorn | Posted 07.30.2008 | Business

Read More: Government Bailout, Freddie Mac, Bailout, Henry Paulson, Fannie Mae, Banking Crisis, Bailout Cost, Lending Crisis, Loan Bailout, Mortgage Crisis, Business News

WASHINGTON -- The proposed government rescue of the nation's two mortgage finance giants will appear on the federal budget as a $25 billion cost to ta...

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How The Government Became A Predatory Lender

Wall Street Journal | Mark Maremont | Posted 07.29.2008 | Business

Read More: Fdic, Predatory Lending, FDIC Predatory Lending, Federal Deposit Insurance Corp, Superior Bank FSB, Banking Crisis, Lending Crisis, Failed Bank, Bank Bailout, Mortgage Crisis, Business News

Federal officials heap much of the blame for the subprime mortgage mess on lenders, claiming they recklessly made too many high-cost home loans to bor...

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Freddie Mac Considers Stock Sale To Dodge Government Rescue

Wall Street Journal | James R. Hagerty, Monica Langley and Susan Pulliam | Posted 07.26.2008 | Business

Read More: Housing Market, Government Bailout, Freddie Mac, Freddie Mac Bailout, Freddie Mac Seizure, Housing Crisis, Lending Crisis, Freddie Mac Stock Sale, Business News

Mortgage giant Freddie Mac -- emboldened by emergency regulatory actions that have triggered a two-day rebound in its battered stock -- is considering...

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