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That money is expected to finance legal aid programs, housing counselors and other borrower support.
The statement reads: "The U.S. requests that Management provide as soon as possible a comprehensive and costed implementation and monitoring plan detailing: (1) internal World Bank accountability structures, staffing, training, and incentives; and (2) borrower support and capacity building".
Borrower support and involvement.
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Consistent with policies established by the board of directors, the credit committee or loan officer shall ensure that a credit application is kept on file for each borrower supporting the decision to make a loan or establish a line of credit.
Female-CFO-led borrowers seem to be granted more unfavorable loan terms than male-CFO-led borrowers, supporting the hypothesis that female CFOs experience credit discrimination.
"While we continue to talk to the FHFA and other market participants about ways to help borrowers and support the housing market, the administration is not at this time considering this particular idea," White House spokeswoman Amy Brundage told FT. Spokesmen for the White House and FHFA were not immediately available for comment on the FT report late on Tuesday.
Virginia can and should take steps to support borrowers struggling under heavy student loan debt loads and protect future borrowers.
That means raising interest rates to wean borrowers off life support and give a better deal to savers.
Kim Rebecchi, the society's sales and marketing director, said: "These products offer excellent value and support borrowers in the early months in their new home.
He stressed that in the event of extreme strains in government bond markets, systemically important borrowers would find support either from multilateral lenders or central banks.
He added that UKAR was increasing efforts to support borrowers who could get into trouble when interest rates rise from their record low of 0.5%.
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