While other lenders said no, this one said yes (CNN Money)
Story date: 2007-10-04 08:25:30
Added on: 2007-10-04 22:20:12
As the credit crunch hit hard in the third quarter, most banks were forced to cut back their lending. But one group of banks increased lending by an incredible $182 billion. Who were these deep-pocketed lenders -- and are they capable of handling such a large rise in loans, especially at a time when credit markets are unsettled and mortgage defaults on the rise?
Read more...
Related Stories:
-
Brown to Meet Banks as Credit Card Lending Rates Rise (Update1) - Bloomberg
Nov. 11 (Bloomberg) -- Prime Minister Gordon Brown will meet officials from banks and credit card lenders after a report showed that...
2008-11-11 07:32:00 -
UPDATE 2-Mexico urges banks to keep lending amid US meltdown - Reuters
MEXICO CITY, Oct 1 (Reuters) - Mexico's government urged banks on Wednesday to keep lending, despite a worrying rise in consumer credit...
2008-10-01 04:11:00 -
Banks deny change in lending criteria - ninemsn
Australian banks say they haven't tightened their lending criteria, as a mortgage broker claimed that more people were finding it harder to...
2008-07-04 01:43:00 -
Government and banks pledge lending help (Scotland Today)
LONDON (Reuters) - The government and major banks pledged to improve lending to small businesses and ease strains on home owners on...
2008-12-03 12:46:38 -
Credit crunch yet to dampen mortgage lending
Guardian Unlimited - Mortgage lending increased by 6% last month, the Council of Mortgage Lenders (CML) said today, but it warned tougher...
2007-11-20 04:00:00 -
Mortgage Lenders Face Long Rehab
Street.Com - Editor's note: The availability of cheap credit fueled the housing boom and led to the rise of exotic securities tied...
2007-12-14 08:54:00 -
Not Too Early for Lenders to Regroup and Think Ahead Banks are beginning to demand a variety of new solutions that ... (Finance Technology Network)
As the subprime lending crisis put an abrupt stop to the lending boom, banks were reminded that all good things come to...
2008-06-25 10:13:36 -
Banks, credit unions get into short-term lending at triple-digit APRs (BizJournals)
Payday lenders have argued a new state law is crippling their business, but banks and credit unions have been offering payday loans...
2008-11-23 11:31:39