Shin Oak Realty is a full service Real Estate office specializing in the Central Texas Real Estate market.
Our Team: Randy O'Dell, Suzy Bates, Candice O'Dell, Bradley "BJ" O'Dell & Barbara Childers

Monday, May 11, 2009

INCREASED LENDING HINTS AT CREDIT THAW

SAN ANTONIO (San Antonio Express-News) – In a sign that the credit crisis might be beginning to thaw in Texas, JPMorgan Chase reported Wednesday that it issued more than 300,000 new loans and lines of credit totaling $6.4 billion during the first three months of 2009.
The bank awarded $2.4 billion for 12,826 home mortgages, up 24 percent from the previous quarter.

JPMorgan Chase also made $182 million worth of loans to 473 small businesses and $1.7 billion in new and renewed credit to midsized businesses, large companies and other agencies.