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It led the Management and Budget officials to predict problems with companies getting loan guarantees.
"It was driving people into foreclosure and preventing people already in foreclosure from getting loan modifications," said Justin Haines, the director of the foreclosure prevention unit at Bronx Legal Services.
Even after getting loan modifications under HAMP, many homeowners have continued to struggle to make payments.
The more stable the history of income, the better your chances at getting loan with favorable conditions, such as a low interest rate.
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A. I think the people who aren't getting loans today are appropriately not getting loans.
Where is he getting loans from?
Getting loans to start a company may be even harder.
Unlike in Europe, he said that U.S. "businesses are getting loans".
You had lots of people getting loans who had no business borrowing money.
Foreign representation on corporate boards is low, and foreign-born entrepreneurs complain of difficulty getting loans.
"The rich guys are getting loans for bikes and cars — but we can't even get a loan to irrigate our crops," he said.
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