NEWS
DTN Business Blog
Marcia Zarley Taylor DTN Executive Editor
Wed Jun 27, 2007 03:05 PM CDT

Taylor, DTN: About all that some lenders say they need to see today for a $300,000 mortgage is a financial statement (with debt-to-asset ratio and net worth) and a credit report. This week's "Minding Ag's Business" guest Doug Stark, CEO of Farm Cedit Services of America, is discussing the issue of split-second credit approvals with DTN readers. They can comment at www.dtnag.com or email comments to me.

So I'd like to ask Doug to elaborate a bit. Isn't this kind of fast-credit automation relying on equity lending, the kind of loan practice that got people into trouble during the 1980s debt crisis? ...

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