lending Archive

DJ Europe Mulling New Role For ECB, Lending To IMF-Greek FinMin

Hint of German support? *DJ Europe Mulling New Role For ECB, Lending To IMF-Greek FinMin ...Read More

mtg apps dip

How does that go again about low rates helping housing? Mortgage Applications Dipped Last Week June 29 (Reuters) — Applications for U.S. home mortgages slipped last week as demand waned, even as mortgage rates dropped, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application ...Read More

Small banks being crushed by Fed’s game of musical chairs

Small banks, already penalized with a higher cost of funds than the large banks (link) have more recently been forced to contract due to ‘wholesale funding’ restrictions being imposed by the regulators. Bank regulators distinguish between what they call ‘retail’ and ‘wholesale’ funding, and have set limits of small banks for ‘wholesale’ ...Read More

mtg apps for new purchases fall again

Seems the fall off after the tax credit ended April 30th has yet to fully run its course: US Mortgage Applications Soar on Refinance Demand July 7th (Reuters) —Refinancing drove total U.S. mortgage applications to a nine-month high last week, while demand for loans to purchase homes sunk to a near 13-year ...Read More

CCB to Reduce New Lending by 70% as Risks ‘Evident,’ Zhang Says

[Skip to the end] This looks ominous if not ‘replaced’ by deficit spending. CCB’s Second Half New Loans to Fall, President Says Bloomberg News August 7th (Bloomberg) — China Construction Bank Corp. will reduce new lending by about 70 percent in the second half after a surge in loans in the first ...Read More

New Fed securities purchases

[Skip to the end] I like this part, after all the criticism of lenders who relied on credit agency ratings: “Each month, the Fed will auction off a fixed amount of one-year loans based on competitive bids to borrowers who will use the loans to purchase newly- or recently-issued AAA-rated consumer and ...Read More

Re: Fed to lend to CBs in unlimited quantities

[Skip to the end] (email exchange) >    >   On Mon, Oct 13, 2008 at 3:00 PM, Craig wrote: >    >   Since nobody understand the local currency / foreign currency distinction and >   since these obligations are part of the normal financial commerce of these >   countries, is it possible that these loans will allow the markets ...Read More