"It came as a surprise to everyone that banks were not
creditworthy MERVYN KING, FORMER BANK OF ENGLAND CHIEF
"Make no mistake - this is a game-changing moment for
creditworthy buyers who have been understandably frustrated for years about not owning a home of their own.
"All year we've been discussing the fact that many
creditworthy home buyers are being denied mortgages," he said.
However, if as a society we care about the lost opportunities of
creditworthy low-income individuals, we would benefit from identifying ways to overcome the financial disincentives banks may face in serving these distressed areas.
This illustrates that the US is still more
creditworthy than booming emerging market countries like China and Brazil.
Brushing aside the promises, Obama said he wants "some results, because I'm getting too many letters from small businesses who explain that they are
creditworthy and banks that they've had a long-term relationship with are still having problems giving them loans.
The bank will increase its prime rate for the second straight month, pushing up its charge on loans of one year or longer to its most
creditworthy corporate borrowers to the highest level since July last year, when the rate was 2.65 percent.
CONGRESS CREATED the Small Business Administration (SBA) in 1953 to fix a specific problem: Lenders allegedly pass over large numbers of
creditworthy small businesses.
KENILWORTH has been named the most
creditworthy town in the country.
The organization has drawn up a set of bond issuance standards to acquire the sort of
creditworthy status that will attract institutional investment.
It is still a buyer's market for
creditworthy clients.
The Board, nevertheless, is concerned when the record of an institution indicates disparities in lending and believes that all banks are obligated to ensure that their lending practices are based on criteria that ensure not only safe and sound lending, but also equal access to credit by
creditworthy applicants regardless of race or income level.
