Hard to Get a Loan – Thank God

[donaldduckmoore]

They are more cautious to loaning money these days not only to home loan but to a wide range of loans. They are running out of cash and the lenders do not trust each other to loan. That is why.

[arnie]

I haven’t heard anyone dispute the idea that this problem started, in part, due to loose lending standards and excessive liquidity. I’m not sure how more of the same is going to fix the problem. Lenders have to tighten loan requirements. In other words, when you find yourself in a hole . . . stop digging.

[arnie]

I haven’t heard anyone dispute the idea that this problem started, in part, due to loose lending standards and excessive liquidity. I’m not sure how more of the same is going to fix the problem. Lenders have to tighten loan requirements. In other words, when you find yourself in a hole . . . stop digging.

[arnie]

I haven’t heard anyone dispute the idea that this problem started, in part, due to loose lending standards and excessive liquidity. I’m not sure how more of the same is going to fix the problem. Lenders have to tighten loan requirements. In other words, when you find yourself in a hole . . . stop digging.

[arnie]

I haven’t heard anyone dispute the idea that this problem started, in part, due to loose lending standards and excessive liquidity. I’m not sure how more of the same is going to fix the problem. Lenders have to tighten loan requirements. In other words, when you find yourself in a hole . . . stop digging.

[arnie]

I haven’t heard anyone dispute the idea that this problem started, in part, due to loose lending standards and excessive liquidity. I’m not sure how more of the same is going to fix the problem. Lenders have to tighten loan requirements. In other words, when you find yourself in a hole . . . stop digging.

[cr]

“Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow”. – Alan Zibel and J.W. Elphinstone

“Just when the entire world economy needed banks to stop lending money to anyone with a pulse, they found new and ‘innovative’ ways to lend money to groups never before able to purchase a home.”
– Anyone with a brain in 2004-05

Banks may also realize that $100,000 lent today at 5%, is going to be worth $75,000 in 5 years thanks to +10% inflation.

[cr]

“Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow”. – Alan Zibel and J.W. Elphinstone

“Just when the entire world economy needed banks to stop lending money to anyone with a pulse, they found new and ‘innovative’ ways to lend money to groups never before able to purchase a home.”
– Anyone with a brain in 2004-05

Banks may also realize that $100,000 lent today at 5%, is going to be worth $75,000 in 5 years thanks to +10% inflation.

[cr]

“Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow”. – Alan Zibel and J.W. Elphinstone

“Just when the entire world economy needed banks to stop lending money to anyone with a pulse, they found new and ‘innovative’ ways to lend money to groups never before able to purchase a home.”
– Anyone with a brain in 2004-05

Banks may also realize that $100,000 lent today at 5%, is going to be worth $75,000 in 5 years thanks to +10% inflation.

[cr]

“Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow”. – Alan Zibel and J.W. Elphinstone

“Just when the entire world economy needed banks to stop lending money to anyone with a pulse, they found new and ‘innovative’ ways to lend money to groups never before able to purchase a home.”
– Anyone with a brain in 2004-05

Banks may also realize that $100,000 lent today at 5%, is going to be worth $75,000 in 5 years thanks to +10% inflation.

[cr]

“Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow”. – Alan Zibel and J.W. Elphinstone

“Just when the entire world economy needed banks to stop lending money to anyone with a pulse, they found new and ‘innovative’ ways to lend money to groups never before able to purchase a home.”
– Anyone with a brain in 2004-05

Banks may also realize that $100,000 lent today at 5%, is going to be worth $75,000 in 5 years thanks to +10% inflation.

[Author]

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