Credit Crunch

Banks Push Home Buyers to Put Down More Cash

Posted on Tuesday, March 15, 2011

The down payments demanded by banks to buy homes have ballooned since the housing bust, forcing many people to rethink what they can afford and potentially shrinking the pool of eligible buyers. WSJ's Mitra Kalita reports banks are requiring prospective new home buyers to come up more cash for dow...

Obama's Small Business Plan To Come Up Short, White House Concedes

Posted on Wednesday, February 16, 2011

NEW YORK -- After spending much of last year relentlessly touting the benefits of a proposed $30 billion fund that would jumpstart bank lending to small businesses, the Obama administration forecasts the initiative will fall far short, spending just a little over half of the intended allotment, acco...

Small Businesses Still Having Trouble Getting Loans

Posted on Monday, February 14, 2011

In a sign that the economic recovery still faces challenges, small businesses continue to report difficulty getting loans. More than 10 percent of small business owners said credit was harder to get in January than it was three months ago, according to a new survey from the National Federation of I...

Banks Ease Credit To Big Companies, But Leave Out Small Business

Posted on Monday, February 7, 2011

In a sign that life may be getting easier for big U.S. corporations, large banks are beginning to make loans more available. Citing increased competition as an important factor in their decision, banks are starting to ease their standards for lending to big companies, a new survey from the Federa...

Risky Borrowers Find Credit Available Again, at a Price

Posted on Monday, December 13, 2010

Credit card offers are surging again after a three-year slowdown, as banks seek to revive a business that brought them huge profits before the financial crisis wrecked the credit scores of so many Americans. The rise is striking because it includes offers to riskier borrowers who were shunned as r...

Bank Risk Managers Say Credit Demand Will Rise Faster Than Supply

Posted on Wednesday, December 8, 2010

The credit analytics firm FICO has released the results of its fourth-quarter survey of bank risk professionals. Theconsensus is that lending will remain tight well into next year and a greater number of banks will be labeled as “problem” by the FDIC, but fewer bankers believe delinquency rates on r...

One In Seven Creditworthy Americans Can't Pay Bills, Study Shows

Posted on Tuesday, December 7, 2010

In the wake of the worst financial crisis since the Great Depression -- and a spike in the unemployment rate in November -- one in seven creditworthy Americans weren't able to pay their bills, a new study shows. As job losses and pay cuts took their toll, a staggering number of Americans who had ne...

Grip of Financial Distress Tightens Again in Third Quarter: Report

Posted on Friday, November 19, 2010

The overall financial health of consumers showed incremental improvements in the first half of 2010, but that progress was wiped out during a span of three months due to weaker household budgets, renewed strains on housing costs, and high levels of unemployment, according to the nonprofit credit co...

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