Types Of Bankruptcy

Democrats Face Rescue Backlash  Democrats are risking a backlash over efforts by Congress to rescue homeowners who can't afford their mortgages. The White House and most Republicans say this amounts to using taxpayer money


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Jumbo mortgages face jumbo problems  "The last couple of days last week, it was difficult to place loans." Buyers of pricey houses are finding that money has suddenly become more expensive to borrow. via


Home Depot 'tilts' the competition  The grand opening of the Home Depot prototype growing among the crops of the Valley is set for Jan.read more...


Fed's New Rules On Mortgages Draw Hostility from Critics  Rules proposed by the government to curtail high-risk mortgages is drawing criticism from lawmakers who sought more action. read more...


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May 5th, 2008

Federal Reserve Reports Tighter Lending Standards

The Federal Reserve reports that more banks are tightening lending standards on home mortgages, other types of consumer loans and business loans in response to a spreading credit crisis.

The Fed reported Monday that the percentage of banks reporting tighter lending standards was near historic highs for nearly all loan categories.

The survey, conducted in April, found that nearly two-thirds of banks surveyed had tightened lending standards on traditional home mortgages with 15 percent saying those standards had been tightened considerably. Read more



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