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Wells Fargo's pipeline of residential mortgages fell from $81 billion at the end of 2012 to $25 billion at the end of 2013. Bank of America saw its revenue from production of mortgages drop 60% to $403 million. According to most recent data from
We have assurances from bank boards that they are closely monitoring their lending standards.": Dr Jim Laker, the chairman of the Australian Prudential Regulation Authority. Photo: Louie Douvis Australian banks should not forget the lessons of the
Southwest Florida's bustling real estate industry is bracing for mortgage reform that could dramatically tighten lending standards for homebuyers. Under the most dire scenario spun by the American Bankers Association, the looming Qualified Mortgage
Last week, the Reserve Bank hosed down fears of a housing price bubble as "unrealistically alarmist", with its assistant governor Malcolm Edey saying prices were rising in line with incomes over the past decade...Photo: Macquarie Research There's no
In the current environment of low interest rates and slow credit growth, members agreed that it was especially important that banks maintained prudent lending standards," said the minutes, which were published on Tuesday. The minutes also reveal the
The IMF wants to see tighter lending standards around the world to rein in a rising exposure to property prices, which could have damaging consequences if the bubble bursts...This is relevant to Australia, where property prices are rising rapidly...
Bangko Sentral ng Pilipinas (BSP) showed. In its Senior Bank Loan Officers' Survey for the second quarter, the BSP said, Most of the respondent banks maintained their credit standards for loans to both enterprises and households during the quarter.
Perhaps the simplest and clearest reason for the cause of the 2008 financial crisis remains the fact that lenders made loans to people who couldn't or wouldn't repay them. These less-than-stellar borrowers were branded "subprime" -- a scarlet letter
The Federal Reserve has just released the results of its Senior Loan Officer Survey . The good news: banks show business loan lending standards are easing. Furthermore demand for these loans is increasing. "Easier lending standards are usually
Easier lending standards are usually associated with later employment growth," said UBS economist Ethan Harris at a luncheon in December. In fact, easing lending standards is one of the most compelling leading indicators of job creation. So, the