Word: fbr
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Dates: during 2010-2019
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...Forbearance and modification programs are helping for now," says analyst Paul Miller, who follows the banks at FBR Capital Markets. "We still have a lot of people who owe more than their house is worth. It's not sure how that will play...
...from the month before. In the past year, the volume of loans outstanding by banks in the U.S. has fallen by more than $500 billion. Bank loans have been trending down for a while. Worse, most analysts don't see bank lending turning around anytime soon. Paul Miller of FBR Capital says a combination of banks' wanting to take fewer risks and lower demand for credit from consumers and businesses will cause banks to continue to make fewer loans this year than they did last year...