Residential lending steadies, commercial stays slow

The biggest benefit of last fall’s Troubled Asset Recovery Program was that financial companies like Countrywide, Bank of America, Citigroup and Wells Fargo increased their quarterly residential mortgage business by $134 million, according to the Treasury Department. Even monthly loan originations jumped. Mortgages, home equity lines of credit and other consumer loans increased during March, [...]

May 21, 2009Comments OffRead More