On June 7th at the International Monetary Conference Jamie Dimon, CEO of JPMorgan Chase, commented following a Ben Bernake speech that Bank regulations were restricting growth. Having worked in commercial banking for more than fifteen years, and currently working with over 70 different lending sources, many of which are traditional banks, I can attest first…
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Moody's Downgrade of Bank Debt Would Effect Commercial Loan Rates
Due to a lack of on-going government support, and increased regulatory requirements and scrutiny, Moody’s has indicated it might downgrade the debt ratings of Bank of America, Citigroup, and Wells Fargo. Although on the surface a downgrade of debt ratings for the three largest US Banks may not seem to impact the consumer; the truth…
Home Values Continue Their Fall - Impacting Investment Real Estate Lending
On Tuesday May 31st the S&P Case-Shiller Home Price Index fell again, showing signs of continued downward pressure on home prices. The index is down roughly 33% since July of 2006 and below the previous low set two years ago. This continued downward spiral in prices is putting additional pressure on Banks already struggling with…
Is your Bank safe?
On 4/29/2011 the FDIC took over and sold five banks, one in Michigan and two in each Florida and Georgia. Five Banks in one day is the most recently. It appears Bank closures are heating back up and an increased level of Bank foreclosures will continue through most of 2011.