Orange County Register

My colleague and mortgage expert Matt Padilla reports on the new Federal Reserve report about bank lending habits in the past 3 months:

“…On net, about 95% of U.S. banks reported having tightened the costs of credit lines to large and medium-sized firms, while nearly 90% reported such tightening for smaller firms.”

This matches my recent It’s Your Business column about small businesses getting squeezed by tight credit.

Click here to read Matt’s entire report.

More economic meltdown stories…

• Our financial system ripe for more disasters
• Insider Q&A hears what’s spooking the economy
• Chase-WaMu to help 400,000 avoid foreclosure
• Gov’t actions fail to ease O.C. mortgage rates
• Home-price drop key to reduced consumer spending

More business stories you might have missed…

• PCH water tower home on sale for $4.5 million
• O.C. home prices will stagnate until late 2010 — CSUF
• CSUF predicts a grim ‘09 for O.C.
• Peek inside Pelican Hill resort
• Is job-based health insurance unaffordable?
• Mervyn’s gives liquidation sales date for last 9 O.C. stores
• O.C. Register to lay off 110 workers
• New YSL concept store first in U.S.

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