Fed proposes expanding field of credit ratings agencies for TALF lending programOctober 5th, 2009 Fed seeks ratings competition for lending programWASHINGTON — The Federal Reserve may expand the field of credit ratings agencies that determine the eligibility of securities pledged for loans in a government program aimed at sparking more consumer and business lending. The Fed on Monday proposed allowing agencies that have registered with the Securities and Exchange Commission and that have experience with the securities being rated.
FDIC names first winning bidder in program to back private buys of toxic mortgage assetsSeptember 16th, 2009 FDIC names first winner in toxic asset programWASHINGTON — The Federal Deposit Insurance Corp. on Wednesday named the first winning bidder under a test of the government's program to back private purchases of toxic mortgage assets and get them off banks' balance sheets.
Fed names 4 firms to reach out to investors in program to spur consumer, business lendingSeptember 1st, 2009 4 firms to help investors tap Fed lending planWASHINGTON — The Federal Reserve on Tuesday named four more financial firms to help investors tap a government program intended to spark lending at cheaper rates to consumers and businesses. The companies are: CastleOak Securities, Loop Capital, Wells Fargo Securities and Williams Capital Group.
With credit tight, Federal Reserve extends consumer lending program through MarchAugust 18th, 2009 With credit tight, Fed extends consumer loan planWASHINGTON — With banks limiting the availability of auto, student and other consumer loans, the Federal Reserve said Monday it would extend a program intended to help spur more lending at low rates. The program is set up to provide up to $1 trillion in low-cost financing to investors to buy securities backed by consumer and commercial loans.
Summary Box: Fed extends program intended to boost consumer and business lendingAugust 18th, 2009 Summary Box: Fed extends lending programWHAT HAPPENED?: The Federal Reserve said it's extending a program that was due to end Dec. 31. The major part of the program, aimed at boosting consumer and business lending, will now run through March 31.
Rate of losses on JPMorgan Chase credit cards declines in July, delinquencies improveAugust 17th, 2009 JPMorgan Chase credit card losses down in JulyNEW YORK — JPMorgan Chase & Co. said Monday that the rate of losses on its credit card loans eased up in July.
Fed signals end of government debt-buying program; says economy 'leveling out'August 12th, 2009 Fed signals vote of confidence in economyWASHINGTON — The Federal Reserve delivered a vote of confidence in the recovery on Wednesday, declaring that economic activity is "leveling out." The central bank also signaled that it would end one of its programs aimed at propping up the economy, and kept a key lending rate at a record low. The Fed said it would gradually slow the pace of its program to buy $300 billion worth of Treasury securities so that it will shut down at the end of October, versus September.
Investors seek $6.9B worth of loans in August from federal program to spur consumer creditAugust 6th, 2009 Demand rises for gov't consumer credit programWASHINGTON — Investors' appetite picked up this month for a government program aimed at spurring lending to consumers and small businesses at lower rates. The Federal Reserve Bank of New York said Thursday that investors requested $6.9 billion worth of loans.
Government program to spark consumer lending backs 9 deals worth $12 billion in JulyJuly 10th, 2009 Fed program backs $12B in consumer loans in JulyWASHINGTON — A government program intended to spark lending to consumers and small businesses at cheaper rates supported nine deals worth a total of roughly $12 billion this month, down about 27 percent from June's total. Earlier this week, the Federal Reserve Bank of New York reported that investors requested $5.4 billion worth of loans in July as part of the program to boost consumer lending.
Investors show no appetite for Fed program to bolster commercial real estate loansJune 17th, 2009 Commercial real estate loans draw no interestWASHINGTON — Investors showed no appetite for commercial real estate loans in the debut of a government plan intended to boost their availability. The Federal Reserve Bank of New York said it received no investor requests for loans by Tuesday's deadline.
Investors show no appetite for Fed program to bolster commercial real-estate loansJune 16th, 2009 Commercial real-estate loans draw no interestWASHINGTON — Investors showed no appetite for a government plan intended to boost the availability of commercial real-estate loans. The Federal Reserve Bank of New York says it received no investor requests for loans by Tuesday's deadline.
Investors request $11.5 billion worth of loans from Fed consumer lending programJune 2nd, 2009 Investors seek $11.5B from consumer loan programWASHINGTON — Investors on Tuesday showed a bigger appetite for participating in a government program intended to boost the availability of loans to consumers and small businesses at cheaper rates. Investors requested $11.5 billion worth of loans, the Federal Reserve Bank of New York said.
Consumer, commercial lending down in March for banks that took taxpayer moneyJune 1st, 2009 Bailed-out banks lent less money in MarchWASHINGTON — Banks that received taxpayer bailouts had a lower average level of loans outstanding as of the end of March than a month earlier, the Treasury Department reported Monday. Five hundred of the more than 600 banks participating in the $700 billion financial system rescue had an average of $5.24 billion in loans oustanding on March 31, down 0.8 percent from the $5.28 billion average they showed at the end of February.
Investors request $10.6 billion in TALF loans from Fed, demand up for consumer lending programMay 5th, 2009 Investors request $10.6B in TALF loans from FedWASHINGTON — Demand surged this month from investors seeking to participate in a government program aimed at jump-starting lending to consumers and small businesses. Investors requested $10.6 billion worth of loans, the Federal Reserve Bank of New York said Tuesday.
AP Sources: Fed mulls longer loans in TALF program aimed at bolstering commercial real estateMay 1st, 2009 AP sources: Fed mulls longer loans as part of TALFWASHINGTON — The Federal Reserve is considering allowing longer loan terms in a program aimed at bolstering commercial real-estate lending, according to people with knowledge of the matter. The aim is to make the yet-to-be-launched program more attractive to investors.
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