Banks borrowed less from the Federal Reserve’s emergency lending program over the past week, providing further evidence that strains in the private credit markets are easing.
The Fed reported that daily borrowing from its emergency loan program averaged $13.77 billion for the week that ended Wednesday. That was down from average borrowing of $13.96 billion in [...]
Posts Tagged ‘financial crisis’
Fed emergency loans decline in most recent week
March 5th, 2010 by HardMoney Writer
Tags: banks borrowed, borrowing, central bank's, fed, federal reserve's, financial crisis, interest rate, lending
more...Secondary Sources: Recession Costs, Doomsday Cycle, Commercial Real Estate
February 24th, 2010 by HardMoney Writer
* Who Pays for Recession?:
On Economist’s View, Mark Thoma looks at who pays the cost of recession. “The recession is taking away opportunity for the young to gain employment experience, and many who are employed are working below their abilities in jobs they are likely to get stuck in for many years, if not forever. [...]
Tags: borrowers, commercial real estate, doomsday cycle, financial crisis, recession costs, unemployed
Economists see slow recovery taking hold
January 26th, 2010 by HardMoney Writer
Businesses expect to boost hiring and capital spending in the first half of the year as the U.S. recovery from the recession slowly continues, according to a new survey.
Since the fall of 2009 demand has edged higher in the goods-producing, finance and real estate industries, while other sectors such as transportation are seeing less drastic [...]
Tags: economy, financial crisis, news
The Bernanke Record
December 4th, 2009 by HardMoney Writer
Federal Reserve Chairman Ben Bernanke faces his Senate renomination hearing today, amid signs that the confirmation skids are greased. We nonetheless think someone should say that, as a matter of accountability for the financial crisis and looking at the hard monetary choices to come, the country needs a new Fed chief.
We say this not because [...]
Tags: central banker, credit mania, Federal Open Market Committee, financial crisis, financial panic, hard monetary, hard money, investors
The Federal Reserve’s Silver Lining
November 26th, 2009 by HardMoney Writer
The Central Bank of the United States, the Federal Reserve, is under intense scrutiny for its unprecedented actions following the 2008 financial crisis. Amidst the carnage of the financial crisis and real estate crash, Congress has taken a fresh look at the actions of the Federal Reserve on the economy.
Seeking an Audit
A new bill in [...]
Tags: Central Bank of the United States, diclosure, Federal Reserve, financial crisis, Government Accountability Office, investments banks, investors, real estate
Behind a failed mortgage company
November 23rd, 2009 by HardMoney Writer
For years, Richard MacDonald’s investments with Financial Resources Mortgage in Meredith seemed like a sure thing. His deposits, which totaled more than $1 million, helped finance building projects across Northern New England. Interest checks arrived in the mail every month. And MacDonald felt secure knowing the construction sites were within an hour or two of [...]
Tags: bankrupty, bridge loans, broker deals, financial crisis, Financial Resources Mortgage, hard money, hard money lender, investments, investors, mortgage, private investors, real estate
Prospects brighten
September 10th, 2009 by HardMoney Writer
Like all disasters, the financial crisis has its share of beneficiaries who profit from it. One of them is the hard-money lenders, who lend strictly on the basis of the collateral. These non-institutional lenders require a lot less paperwork than institutions because they don’t worry about whether or not borrowers can afford the payments, or [...]
Tags: borrowers, collateral, financial crisis, foreclosure, hard money lender