Mortgage lender commercial loan
Nov. 12 (Bloomberg) — Distressed sales of commercial real estate may rise next year as about $36 billion in securitized loans written in 2006 and 2007 come due, an executive of Grubb & Ellis Co. said today.
Banks say they’re using bailout money for loans (Reno Gazette-Journal)
WASHINGTON — Some of the nation’s largest banks sharing in the $700 billion government bailout tried to assure lawmakers Thursday that they are using the money to make more loans and help homeowners avoid foreclosure.
Banks to increase lending, but keep eye on risks (People’s Daily)
China’s largest banks may be stepping up the pace at which they give out credit, but they are still keeping a careful eye on risks. Their move is in line with the country’s 4-trillion-yuan economic stimulus package, in which commercial banks’ credit ceilings will be abolished to channel more lending to priority projects, small firms, rural areas and technical innovation. Chen Yuan, president of …
Banks, investment firms borrow less from Fed (San Francisco Chronicle)
Banks and investment firms reduced borrowing from the Federal Reserve’s emergency lending program over the past week, although demand for the loans remains elevated. The Fed’s report, released Thursday, shows commercial banks averaged $95.4 billion in daily…
Banks: Bailout dollars going for loans (The Charlotte Observer)
(By John Dunbar, Associated Press) Some of the nation’s largest banks sharing in the $700 billion government bailout of the financial industry tried to assure lawmakers Thursday they are using the money to make more loans and help financially strapped homeowners avoid foreclosure. Barry Zubrow, chief risk officer with JP Morgan Chase & Co., told the Senate Banking Committee that a portion of the …
Fed Commercial-Paper Holdings Increase 5.7% to $258.5 Billion (Bloomberg)
Nov. 13 (Bloomberg) — The Federal Reserve slowed the pace of its commercial paper purchases from U.S. corporations, increasing holdings by $13.9 billion, or 5.7 percent, while borrowing by banks and Wall Street bond traders declined.
Bernanke Refusal to Buy Genworth Commercial Paper Burdens Banks (Bloomberg)
Nov. 13 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke ’s decision to deny commercial paper financing to all but the highest-rated borrowers is forcing some companies to seek the credit of last resort, backstop loans.
Banks say they’re using bailout money for loans (AP via Yahoo! News)
Some of the nation’s largest banks sharing in the $700 billion government bailout of the financial industry tried to assure lawmakers Thursday they are using the money to make more loans and help financially strapped homeowners avoid foreclosure.
Tags: best commercial loan, commercialloans, small business commercial loan, commercial loans, small business loan
