INCEASED LENDING HINTS at CREDIT THAT
In a sign that the credit crisis may be beginning to thaw in TX, JPMorgan Chase reported this week
that it issued more than 300,000 new loans & lines of credit totaling $6.4 billion during the first
3 months of 2009. The bank awarded 12,826 mortgage loans, up 24% from the previous quarter.
The bank also made loans to 473 Small businesses + new & renewed credit to midsized businesses,
large companies & other agencies. Quoted from RECON at the Real Estate Center at TX A&M U.
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