Posts Tagged ‘ credit ’

Consumer Credit Posts Record Drop

Sep 8th, 2009 | By RT Staff | Category: Financial News

Americans borrowed less for the sixth consecutive month in July, fueling concerns that strained consumers will stall an economic recovery.
People shed debt by choice and by force, reflecting a combination of the thrifty attitudes and tighter lending conditions that have defined the recession. Total borrowing, which includes most consumer loans except real estate, decreased at [...]



For bailout to work, housing market needs to mend

Oct 8th, 2008 | By Gregory Arzumanov | Category: Housing News

NEW YORK – Oct. 8, 2008 – Washington’s financial bailout plan is now law. So the credit spigot will start flowing again, banks will resume lending, and an economic recovery can begin, right?
Wrong. Experts say the most important thing that needs to happen before the $700 billion bailout even has a chance of working: Home [...]



Senior real estate executives say credit is harder to come by

Aug 12th, 2008 | By RT Staff | Category: Financial News

Senior real estate executives say turmoil in the financial markets continues to hinder the accessibility of credit, while also taking a toll on income-producing properties such as office buildings, shopping malls and hotels, according to the latest Real Estate Roundtable Sentiment Survey.
The survey is released by the Real Estate Roundtable — a coalition of real [...]