Federal Reserve chairman Ben Bernanke said he’s optimistic that US banks may start making it easier for customers to get credit after the financial crisis led lenders to tighten standards. “Although bank credit remains tight, I see some reasons for optimism,” Bernanke said today in a speech in Chicago. The economy is recovering, and banks’ senior loan officers expect a “modest reduction in their troubled loans” over the next year, outside of commercial real estate, he said. “As a result, bank attitudes toward lending may be shifting.”
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio