Business / Tags / Lending

BUSINESS / NEWS Mon Mar 17, 2008 @ 8:21am neoform

MSNBC -- The Federal Reserve, in an extraordinarly rare weekend move, took bold action Sunday evening to provide cash to financially squeezed Wall Street investment houses, a fresh effort to prevent a spreading credit crisis from sinking the U.S. economy. The c.. Read More

BUSINESS / OPINION Mon Apr 9, 2007 @ 10:44am neoform

Alter Net -- Money lending institutions have tarred entire segments of the population as credit unworthy through the mortgage industry's own discriminatory, irresponsible -- and now reckless -- behavior. Every major paper is running some variation of the same major.. Read More

BUSINESS / NEWS Tue May 13, 2008 @ 8:15am neoform

BusinessWeek -- As traditional sources such as banks and government agencies pull back, peer-to-peer lending is entering the student loan market Because of the credit crunch, conventional lenders are making it tough for any but the most creditworthy borrowers to quali.. Read More

BUSINESS / NEWS Fri May 9, 2008 @ 8:19am neoform

BusinessWeek -- With lending tight, more entrepreneurs are turning to controversial "merchant cash advances" While most financial-services firms are floundering, those that specialize in so-called merchant cash advances are thriving. That's a mixed blessing for entrep.. Read More

BUSINESS / NEWS Mon Apr 21, 2008 @ 8:23am neoform

BBC News -- The Bank of England has announced details of a 50bn plan to help prevent the credit crisis causing more damage to the UK banking system and economy. Banks will be able to swap potentially risky mortgage debts for secure government bonds to enable them.. Read More

BUSINESS / NEWS Mon Dec 17, 2007 @ 8:34am neoform

MSNBC -- People taking out home mortgages may gain new protections soon against shady lending practices as the Federal Reserve seeks to back even the riskiest borrowers, already hit hardest by the housing and credit crunches. Rules expected to be proposed Tuesd.. Read More

BUSINESS / NEWS Thu Dec 6, 2007 @ 8:25am neoform

MSNBC -- Clinton said mortgage lenders and brokers who lowered underwriting standards also deserved blame for the housing market mess, as were regulators who failed to provide adequate oversight. And she pinned some of the responsibility on ratings agencies for g.. Read More

BUSINESS / NEWS Mon Mar 19, 2007 @ 10:03pm neoform

Los Angeles Times -- Bad news from lenders that write high-risk home loans continued today with Fremont General Corp. in Santa Monica saying it has warned a "significant" number of its 2,400 mortgage employees to expect pink slips in 60 days. Fremont shut down its Brea-bas.. Read More