Latest lending report reinforces TARP critiques
The study says that although the economy continues to strengthen, it is still properly classified as weak. Results and forecasts are mixed, as financial conditions improved slightly in some quarters while the more troubling areas continued their entrenchment and even decline.
Consumer optimism improved in December, mortgage rates remained at attractive levels, and there even was a small gain in payroll jobs in November (which fell again in December). Overall loan originations in November rose 17 percent from a year earlier, although the outstanding loan balances among the 22 institutions remained largely unchanged from October.
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