Free Republic

As eviction-related suicides continue to rise in Spain, protests are becoming more frequent with the public outraged at the government’s lack of action to combat social ills. Evictions are a “humanitarian concern,” the national bank chief has said. The governor of the Bank of Spain, Luis Maria Linde, said that the increasing number of evictions related to financial woes should be combated through “social initiatives.” The evictions have driven over 100 people to commit suicide, and mass protests on the issue have become a regular occurrence in Spain. “We must urgently address and social humanitarian issues, this will have to...

Commercial and multifamily mortgage lending in the U.S. fell 12 percent from the second quarter to the third quarter and is down 54 percent from year ago levels... The drop includes a year over year decrease in lending for all types of commercial properties. Loans for retail properties are down 62 percent. Loans for office properties are down 56 percent, MBA says. company downsizing has dampened demand for new office space across the country.

Americans do not be deceived, Meltdown this tale belongs to these donkeys. On 8/15/08 President Bush reacted to mortgage lending practices promoted by Barrack Obama through the group known as ACORN and protected by key democrats both in the House,Barney Franks and Senate Christopher Dodd. Bush announced a meltdown in lending institutions with Bush's treasury boss offering to be made a "Czar" of a new Department of Dole that starts at $700,000,000,000 billion which would underwrite "ify" paper bought by F&F (Fammie Mae-Frank Mac mortgage houses which already has 300 billion allocated) and AIG insurance. This serious situation was not...

Federal bank regulators announced a crackdown on loose lending standards on subprime home mortgages, as two major lenders struggled to cope with losses and regulatory problems. New Century Financial Corp., one of the nation's largest subprime lenders, announced that it has been informed of a federal criminal inquiry into its accounting and trading in its securities. New Century also said that a failure to obtain waivers from lenders could prompt its auditors to warn of "substantial doubt" over its ability to remain in business. Another big lender, Fremont General Corp., said it plans to stop making subprime residential loans and...