Earlier this year, it brought in a new chief executive, Mr. Cestero, a former top city housing official, and reached a deal to extend a companywide credit facility with a group of lenders.
The housing market has begun a long, slow process of recovery, but it remains hobbled by the many people who owe more than their homes are worth, by toughened underwriting standards, and by a reluctance among private lenders to extend credit without a federal guarantee.
So far, the damage in the U.S. mortgage industry has been confined to a few highly leveraged and weakened lenders, such as New Century Financial , which had to file for bankruptcy earlier this year after its banks refused to extend it more credit, and to a few funds that had big investments in the sector.
So far, the damage in the U.S. mortgage industry has been confined to a few highly leveraged and weakened lenders, such as New Century Financial (other-otc: NEWC - news - people ), which had to file for bankruptcy earlier this year after its banks refused to extend it more credit, and to a few funds that had big investments in the sector.
If you do need credit, there will be a premium on having a good credit score since lenders will be more hesitant to extend credit to those who are seen as more of a risk.
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Because banks tend to be reluctant to extend credit to risky small businesses, the SBA operates a program that makes such loans more enticing to lenders by guaranteeing a portion of each loan against default.
The need to extend credit is is quite a burden for German retailers and very different than for United States retailers who receive payment before goods are shipped.
Banks argued that stricter capital rules will put a damper on their ability to extend credit to businesses and consumers while the economy is still struggling to recover.
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On May 14, the House introduced its version of legislation to extend the tax credit and voted to approve it a week later.
Obama sidestepped a question Wednesday about whether he supports that initiative, saying that it's a "positive sign" that the government is trying to extend credit to consumers.
But it has been fueled by exports that have been driven by the single-currency and a kind of vendor financing that saw German banks extend credit to so-called peripheral European nations, which bought German goods.
The May package also failed to extend 20 tax breaks that expired last Dec. 31, including the research credit (a top priority for tech companies) and deductions for state sales taxes and college tuition.
And if those rising corporate mortality rates were real, it would also show that banks were feeling increasingly confident that they have sufficient capital to absorb the consequential losses - which would also be a very positive sign, in that banks would also have sufficient capital to extend necessary credit to viable businesses.
Everton, however, deserve huge credit for the manner in which they recovered from a dispiriting first half to extend their strangehold on City in recent seasons.
The following day, Culver and the governors of 11 other Midwestern states sent a letter to leaders of both parties of Congress, urging them to at least extend the production tax credit for wind energy.
His holdings -- past and present -- in some of the world's largest companies, like Gazprom and Goldman Sachs, have seen him make and lose billions at a time, only to resurface rich once more thanks to his propensity to convince banks to extend him credit.
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