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Thread: THE FED Reports a Pause in Credit Tightening

  1. #1

    THE FED Reports a Pause in Credit Tightening

    Most large banks have stopped tightening standards on a number of loan types, according to a new report from the Federal Reserve. But the central bank’s latest loan officer survey says that while it may not be getting tougherfor consumers to borrow, it’s not getting any easier yet either because financial institutions have yet to unwind the considerable contraction that has built up over the past two years.

    Still, the pause in the stiffening might be seen as a hopeful sign for a financing world that’s been strained since 2007 – hopeful for pretty much every sector except commercial real estate, that is. That’s one of the only loan types where the majority of banks said they’d continued to tighten credit criteria.

    “Banks’ policies on commercial real estate lending were an exception, as large net fractions of respondents further tightened their credit standards during the final quarter of last year,” the report said. “In addition, banks reported that they had tightened terms on [commercial real estate] loans substantially over the past year.”

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    http://www.dsnews.com/articles/fed-r...ing-2010-02-02



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  3. #2
    Nobody can get loans right now. Sometime this month the Fed will announce that they will have to raise interest rates. They will bump them up in March a little, more in April, and then at the end of summer the will put the interest rates in the double digits.
    "..and on Earth anguish of nations, not knowing the way out...while men become faint out of fear and expectation of the things coming upon the inhabited Earth." -- Jesus of Nazareth

  4. #3
    Nah- they still think it is too early to raise interest rates. Probably not for the first half of the year at least.



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