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Big banks shrink lending – CNN


PR Web (press release)
Big banks shrink lending
CNN
By Stephen Gandel, senior editor May 1, 2012: 6:00 AM ET Credit card lending and home equity lines of credit cut by big banks in the first quarter. FORTUNE — Here's another sign that the economic recovery may be fizzling: Big bank lending,
Nations Lending Streamlines VA Home Loan Program and IRRRL Mortgage Refinance PR Web (press release)

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Let’s toss out home equity loans – Washington Post

Let's toss out home equity loans
Washington Post
It's time for us to choose: a home as a societal ideal or a home as a cash machine. Over the past few decades, banks have spent billions marketing home equity lines of credit. This changed the image of such loans from a socially unacceptable sign of

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Spain Underplaying Bank Losses Faces Ireland Fate – Bloomberg


Bloomberg
Spain Underplaying Bank Losses Faces Ireland Fate
Bloomberg
That's enough to cover losses of about 50 percent on loans to property developers and construction firms, according to the Bank of Spain. There wouldn't be anything left for defaults on more than 1.4 trillion euros of home loans and corporate debt.

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Wounded Warriors Find Relief With Sponsorship From Security America Mortgage … – San Francisco Chronicle (press release)

Wounded Warriors Find Relief With Sponsorship From Security America Mortgage
San Francisco Chronicle (press release)
The VA Mortgage and Home Loan Experts at Security America Mortgage, Inc. in Houston, Texas recently attended the 4th Annual Warrior Benefit Clay Sporting Tournament as volunteers and AV/breakfast sponsors on May 5, 2012.

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Stop Foreclosure- Halt Foreclosue- The Timeline


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Low-interest Fed policies ratchet up hunt for risk – The News Journal

Low-interest Fed policies ratchet up hunt for risk
The News Journal
That's because the funds buy loans whose higher yield is accompanied by higher credit risk. Leveraged loans are rated below Baa3 by Moody's Investors Service and less than BBB- by S&P. The debt's interest rate generally resets on a quarterly basis.

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HSBC Profit Beats Analysts’ Estimates on Emerging-Markets – Bloomberg


Bloomberg
HSBC Profit Beats Analysts' Estimates on Emerging-Markets
Bloomberg
Impairments for bad loans in the US fell by about $500 million from the year-earlier period, when a moratorium on foreclosures was a greater drag on earnings. The lender, which operates in about 85 countries, has set aside more than $65 billion for

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Dealing with Credit Card Debt


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