These are tough times in the financial markets. As we discussed last Saturday in our post on subprime, borrowers are beginning to feel the pinch of higher interest rates and much tougher underwriting criteria. Even for borrowers with prime credit (FICO score above 620), it is difficult to qualify for a loan now. [...]
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Update on the credit crunch
August 24th, 2007 — Lending Club, Subprime Meltdown, cnbc, crunch, deals, markets, meeting, september, subprime, tougher from Patrick Gannon @ Lending Club
The Subprime Meltdown: What is the bottom line?
August 18th, 2007 — Financial Education, Lending Club, cdos, investors, liquidity, markets, mortgages, risky, subprime, yielding from Patrick Gannon @ Lending Club
By now, most people have noticed that something is going on in the financial markets. For those of us who follow the equity and debt markets as closely as I do, it has been a gut-wrenching few weeks. What exactly is going on? The financial press is calling it the Subprime Meltdown. [...]
Continue reading → The Subprime Meltdown: What is the bottom line?
Credit Cards Lead Consumer Borrowing Surge
July 25th, 2007 — Lending Club, Spending, addiction, consumer, economy, housing, markets, swiping, tapped from DebtKid @ Lending Club
Good or bad, in America we love easy credit. And nothing is easier than swiping that handy piece of plastic for everything under the sun.
The latest consumer borrowing numbers for May came in well over industry expectations, due largely to a sharp increase in consumer credit card use.
What’s going on?
For the past few years, [...]
Continue reading → Credit Cards Lead Consumer Borrowing Surge
