The FHA-insured loans are made by private mortgage companies, which are in turn monitored by HUD.
Micro loans to local entrepreneurs have also gotten a lot of attention in recent years.
BlackRock will manage the portfolio until the loans are all run off or sold.
But they were saddled with more costly loans, which obviously depletes their net worth.
Who would generate auto loans, mortgages and business credit if banks operated only as checking-account processors?
Would entrepreneurial ventures never get loans, because investors in merchant banks were such fuddy-duddies?
Banks that specialized in riskier loans would simply issue capital notes at higher interest rates.
My bankers, the people who make loans to me, are guys who I have relationships with.
Calvin Chin of Qifang makes college loans to students over the Web in China.
The government would save financial firms by taking over bad loans by the billions of dollars.
More than 82% of companies that offer the popular workplace retirement plan permit 401(k) loans.
The Financial Services segment services include secured loans to the middle market across a variety of industries.
There are two sources of loans as I indicated earlier, the federal government and the private banks.
But there is growing congressional pressure on our beleaguered banks not to make big loans to foreigners.
Each easy-loan rider makes 50 visits a day, and together the fleet processes 14, 000 new loans daily.
During the real estate boom Countrywide created hundreds of securitization trusts, selling certificates backed by residential mortgage loans.
In addition, 20bn euros will be set aside in the German budget to cover potential losses from loans.
The IRS forbids loans from most IRAs, and will only allow early withdrawals for medical or educational expenses.
Bondholders claimed that Citi not only misrepresented its exposure to mortgage-backed assets, but also understated losses on loans.
It came to light the Countrywide was in serious trouble with risky unorthodox loans.
However, the loans could also be used by employees who want to leave a company.
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In Hong Kong, such loans are classified as "substandard" even if the debtor is still repaying.
Wachovia said troubled loans in the Golden West portfolio deteriorated more quickly than expected.
His company now pitches its online trading customers on money-market accounts, mortgages, asset management and loans.
To really change the world, we needed to be able to make loans nationwide.
Certainly, loans are benefiting from a wellspring of demand, which far outpaced supply again in September.
Significantly, most subprime loans involve low "teaser" rates that last for only two years.
BNP's woes highlight the spreading fallout from U.S. homebuyers' rising inability to pay back loans.
About 7 million students, a third of the total taking out loans, would be affected.
Looking back, Ms. Romine wishes she had taken only "a bare minimum" of student loans.
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