Federal lending program to begin second application process The Intermediary Lending Pilot Program, which provides long-term loans to eligible nonprofit intermediary lenders to finance their lending to small businesses, has opened a second competitive application period.

Dubai —The UAE bank lending growth rate is “reasonable” and projects in the country will not suffer from funding shortages due to impending problems banks in the eurozone face in the backdrop of the debt crisis, Sultan bin Nasser Al Suwaidi, UAE Central Bank Governor, said in Dubai on Friday. The governor, who addressed delegates [...]

Andhra Pradesh Chief Minister Mr N. Kiran Kumar Reddy has asked banks to scale up loans for the agricultural sector. Addressing the State Level Bankers Committee meeting here on Saturday, Mr Reddy said there was an urgent need to augment loans to farmers. The scale of finance for major crops in the State is lower [...]

Do you do business in a Sand State or a HARP State? Perhaps theyre the same. Yesterdays MBA numbers showed, as a percentage of overall applications, refis hit their lowest level since July – and 30% of those are from HARP. Jay Brinkmann with the MBA observed that HARP volume is not equal across the [...]

March 23 (Bloomberg) — Chinese banks misclassified about 20 percent of their outstanding loans to local governments, understating the risk that slowing revenue will cut borrowers ability to repay, a person with knowledge of the matter said. The China Banking Regulatory Commission told lenders last month that they had incorrectly placed about 1.8 trillion yuan [...]

(AP) — Ms. Zhang, a schoolteacher in the central city of Anyang, lent $43,000 last year to entrepreneurs who couldnt get loans from state banks. Now as growth cools and Beijing cracks down on informal credit, Zhang and thousands of other small lenders are unpaid and angry. Underground lending by ordinary Chinese like Zhang flourished [...]

Canada’s biggest banks are tightening lending standards for condominium builders at the urging of regulators, requesting higher pre-sales and deposits as policy makers warn the Toronto and Vancouver markets are overheating. Some banks have been asking construction firms to put more equity into new projects in recent weeks, according to developers. Lenders have also been [...]

NEW regulations cannot absolutely prevent the possibility of another financial crisis or of banks failing, a Bank of England policy maker announced just days after the Bank had pushed for stronger powers over the industry. The culture within banks, as well as changes to the structure of incentives, will be the most important changes, financial [...]

Spanish residential mortgages fell for the 21st month in January as the euro area’s fourth-largest economy edged toward a recession and banks reined in lending amid a surge in bad loans. The number of home loans fell 41.3 percent from a year earlier, after a 37.2 percent drop in December, the Madrid-based National Statistics Institute [...]

Email Print Photo by /Marice Cohn Band/Miami Herald/MCTJPMorgan Chase said loans to middle-market businesses grew 17 percent in the last three months of 2011. But CEO Jamie Dimon warned analysts in January that clients were still waiting to deploy the cash. NEW YORK — Since the credit crisis of 2008, everyone has been waiting for [...]