Bailout Sleuth website:
The Treasury Department recently released its monthly lending report that tracks the annual and monthly loan activity of the 22 banks that got the most public money through the Troubled Asset Relief Program.
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.
Total loan originations fell in four categories over the month of November: home equity lines of credit, other consumer lending products, renewals of commercial real estate loans and new commercial real estate loans.
Originations also rose in four categories: mortgages, credit card loans, renewed commercial and industrial loans and new commercial and industrial loans. Although first mortgage originations posted a modest 4 percent gain in November, the annual boost in originations was an encouraging 91percent.
Here is Individual Banks’ reports, 1/15/10. Check out p. 38 on Goldman Sachs and their lending for home equity and loan orgination.
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