Fed says more banks tighten home loan standards

A larger share of banks has made it more difficult for people to obtain home mortgages over the last three months even as demand has grown, the Federal Reserve reported Monday.

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Treasury says bank lending declined in February

Bank lending to consumers and businesses for many types of loans fell in February despite the billions of dollars in government support the banks received.

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Fed: Banks still tightening loan standards

Many banks have made it harder for borrowers to obtain all kinds of loans over the last three months despite a $700 billion federal bailout program and a flurry of other bold moves to stem the worst financial crisis to hit the country since the 1930s.

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Fed's latest survey finds tighter loan standards

Banks tightened the spigots further on all sorts of lending, from home mortgages to credit cards and business loans, as the worst financial crisis in seven decades took a bigger toll on the economy.

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Venezuelan bank lending slows amid inflation

Venezuelan economists say gains in bank lending slowed sharply in the first seven months of 2008.

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Federal Reserve finds deepening credit crisis

More banks are tightening lending standards on home mortgages and other consumer and business loans as a deepening credit crisis exerts a heavier toll on the economy.

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Government As Narcotics Dealer

By Thomas E. Brewton Since the advent of the Federal Reserve System in 1913, monetary authorities have repeatedly upped the narcotic dosage as a remedy for the pains of easy money and credit addiction.

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What HUD wanted were numbers showing that mortgage loans were being made to low-income and moderate-income people on a scale that HUD expected, even if this required "innovative or flexible" mortgage eligibility standards.

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The U.S. has taken extraordinary measures in recent weeks to prevent a financial calamity, which would have devastating implications for the broader economy.

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