loans Archive

China Extends Crackdown on Off-Balance-Sheet Loans

Cutbacks now will further slow things: China Extends Crackdown on Off-Balance-Sheet Loans July 4 (Reuters) — China’s bank regulator has cracked down on off-balance-sheet lending by the country’s banks, sources told Reuters on Monday, its latest step to prevent over-zealous and risky lending from hurting its financial system. China Banking Regulatory Commission ...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

China Big 4 Banks’ New Loans Drop to Year’s Low, Caijing Says

[Skip to the end] China Big 4 Banks’ New Loans Drop to Year’s Low, Caijing Says Oct. 12 (Bloomberg) — China’s four biggest commercial banks extended new yuan-denominated loans of about 110 billion yuan ($16 billion) in September, the lowest monthly figure in 2009, Caijing magazine reported, citing industry data. China Construction ...Read More