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Loan firm leaders say credit crisis worst to come The leaders of an Oklahoma City company that markets huge portfolios of bank loans saw the subprime mortgage crisis coming. And now they perceive more misery. How bad is the current credit crisis going to get? "You don't want to know,��� said Bliss Morris, chief executive officer of First Financial Network. "It's a tidal wave.��� First Financial Network, based in Oklahoma City, is the nation's ...
Webster Bank loses $12.5 million in bad construction loans Webster Bank announced plans Tuesday to open flagship branches in Boston and Providence, R.I., even as its parent company said it expects to take a bigger hit from bad loans in the third quarter.
Federal Reserve Offers No Cash but Loosens Standards on Emergency Loans The Fed said it would let Wall Street firms post as collateral much riskier assets in exchange for emergency loans through the Primary Dealer Credit Facility.
Loans for health care properties up Commercial mortgage originations for health care properties jumped 66 percent in the second quarter of 2008, compared with the same period a year ago, while loans for other types of properties fell, according to a recent report by the Mortgage Bankers Association, demonstrating at least one commercial-loan segment remains viable.
Fed eases access to emergency credit The Federal Reserve has announced new steps to ease access to emergency credit for struggling financial companies, by broadening the collateral to be used for central bank loans.
Real Estate: Mortgage rates are lower, but getting a home loan is no easier The government takeover of mortgage giants Fannie Mae and Freddie Mac has pushed mortgage rates lower, a boon for some home buyers and homeowners seeking to refinance, but it is not automatically going to make home loans easier to obtain.
Chatzky: Raiding the 401(k) is an unwise move With people behind on mortgage payments and credit card bills, and short on cash for basics like gas and food, some are taking desperate measures. Raiding your 401k, or 403b, is one way to get quick cash, but in most situations it is a bad idea.
Fed announces credit crisis actions WASHINGTON -- The U.S. Federal Reserve announced several steps to cope with the worst credit crisis in decades, including broadening the types of assets that investment banks can put up to get emergency loans from the Fed.
Fed moves to ease credit crisis The Federal Reserve announced late Sunday several steps to cope with the worst credit crisis in decades, including broadening the types of assets that investment banks can put up to get emergency loans from the Fed.
Fed eases access to emergency credit WASHINGTON: The Federal Reserve Sunday announced new steps to ease access to emergency credit for struggling financial companies, by broadening the collateral to be used for central bank loans.
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