2009 Industry News
During the last great Banking crisis of the 1990's the Japanese government injected trillions of Yen into their economy. In their effort to limit the damage to a wider economy they developed a system they named the "Convoy System". This system had....
The Fed survey of senior loan officers that was conducted for the period April to July 2008 indicated that more banks are increasing their loan requirements. The Federal Reserve polls senior lending officers at 54 domestic banks 4 times a year. Approximately 60% of...
In the current credit crunch that we are in banks and financial institutions are scrutinizing borrowers credit histories much more closely. In essence credit scores have become more important than ever. Most borrowers do not know or understand their credit score. Unless you are a seeker of credit it is not something you think about...
The Federal Reserve conducted a survey in April and reported that more banks are increasing their lending requirements for business loans, mortgages, and consumer loans.
Approximately 55% of the banks reported stricter lending standards, up 30% since January. In my opinion it is predictable that banks will continue to experience additional losses in the coming months...
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