Exact(55)
First, the fall in financing costs may tempt borrowers into ignoring their balance-sheet problems.
In some cases, such delays have actually pushed borrowers into foreclosure by inflating loan balances.
The CFA fought the rules and warned that they would force borrowers into backstreet lenders.
Job losses will often push underwater borrowers into default since a sale isn't a realistic option.
Banks and mortgage companies paid brokers to steer borrowers into high-cost, high-risk loans.
The lawsuit accuses the companies of steering black borrowers into subprime loans.
They readily admit that they are focused on turning borrowers into issuers.
Sean O'Toole, founder of ForeclosureRadar.com, which tracks California foreclosures, divided borrowers into two camps.
As the report from the Congressional Oversight Panel noted, loan servicers can profit significantly by pushing borrowers into foreclosure.
But Grameen organises borrowers into groups which guarantee a loan to any member (exerting peer pressure for repayment).
Many of them have started to follow both their savers and their borrowers into the capital markets.
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