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Lending

Like other banks before it, Wells Fargo pulls back from mortgage biz

by Samantha Fields
Jan 11, 2023
It used to be the top mortgage lender in the country.
Wells Fargo used to be the top mortgage lender in the country. Now it's retreating from the business as nonbank lenders gain market share.
Michael M. Santiago/Getty Images
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"It's a Wonderful Life"

Some banks still think local

by The Econ Extra Credit Team
Dec 16, 2022
Econ Extra Credit newsletter #130
Mark Wilson/Getty Images
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Schools' creditworthiness could be challenged by new costs, report says

by Stephanie Hughes
Jun 16, 2022
Teachers demanding higher pay is one example of new costs. That could make it harder for schools to borrow money, a new report says.
For large investments, schools can turn to the debt markets to raise money. But they're also facing rising costs, which could hurt their ability to borrow.
Jon Cherry/Getty Images
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How the war in Ukraine is affecting debt troubles for developing countries

by Sabri Ben-Achour and Jarrett Dang
Apr 25, 2022
Developing nations see worsening debt challenges due to the war in Ukraine.
Above, a fruit vendor waits for customers in Colombo, Sri Lanka. Higher import prices for foods are putting pressure on the currencies of developing countries, including Sri Lanka.
Ishara S. Kodikara/AFP via Getty Images
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Commercial lending could rebound this year

by Justin Ho
Jan 14, 2022
Business lending has been sluggish throughout the pandemic. But there are signs that commercial lending is starting to pick up again.
Some businesses are currently taking advantage of low interest rates for loans.
Justin Sullivan via Getty Images
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COVID-19

Some banks are lending less in an uncertain economy

by Justin Ho
Jan 21, 2021
Many businesses are nervous about borrowing right now. And banks aren't earning much on the loans they are making.
The lending decline for some banks comes despite the fact that interest rates are at near-record lows.
Andrew Caballero-Reynolds/AFP via Getty Images
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COVID-19

Fed pandemic lending programs a sticking point in COVID relief talks

by Nancy Marshall-Genzer
Dec 18, 2020
Some Senate Republicans want a new COVID relief bill to prohibit the Fed from restarting pandemic lending programs.
The Fed programs include Main Street business loans and purchases of corporate and municipal bonds. Pictured: Fed Chair Jerome Powell at a House committee hearing on Dec. 2, 2020.
Pool/Getty Images
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COVID-19

Why big banks are reporting better-than-expected earnings during the pandemic downturn

by Mitchell Hartman
Oct 14, 2020
Quarterly earnings for big banks like Citigroup and JPMorgan Chase are beating expectations thanks to a soaring stock market.
Citigroup's net income of $3.2 billion, or $1.40 per share, topped analyst expectations for the third quarter.
Justin Sullivan/Getty Images
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Econ Extra Credit with David Brancaccio

How does the Fed find an extra $2.3 trillion?

by David Brancaccio and Candace Manriquez Wrenn
Apr 10, 2020
Turns out it's much more akin to printing money than it is to borrowing.
The central bank announced yesterday it's making more money available to counteract the economic effects of the pandemic.
Karen Bleier/AFP via Getty Images
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With mortgage delinquencies at a low, can lenders afford to loosen up a bit?

by Amy Scott
May 14, 2019
Consumer advocates say it's time to loosen restrictions imposed after the housing collapse.
A foreclosure sign.
Joe Raedle/Getty Images
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