Your English writing platform
Discover LudwigSuggestions(2)
Exact(2)
They devised investments by bundling together bonds backed by home loans, a process that enabled mortgage lenders to make even more loans.
In signing onto the settlement with 49 states and the federal government last year, BofA, JPMorgan, Wells Fargo, Citigroup and Ally Financial agreed to pay out billions to troubled homeowners and revamp the way they manage home loans, a process critics argued was unfair and often damaging to homeowners.
Similar(54)
In return, the unpaid interest is added to the original loan, a process soothingly called "negative amortisation".
Under the blueprint, banks would be prohibited from starting foreclosure proceedings while a borrower was actively trying to lower the interest rate or ease other terms of the home loan, a process known as a mortgage modification.
Sallie Mae and other lenders have been stymied in their efforts to resell student loans through a process known as securitization.
It has also limited the process of securitization, in which banks package and resell claims on their loans outstanding — a process that was supposed to help banks reduce their risk by spreading it, but has turned out in practice to be a way for banks to make ever-bigger wagers with other people's money.
That rescue effort required managing and selling each property owned by the failed savings and loan institutions, a process known as a workout.
But regulators said they were wary of taking additional time to assess individual loan files, a process that would have delayed aid to everyone.
Countrywide seems to envision a loan-by-loan process, however, which would be too slow to keep up with imminent defaults and could all too easily result in inconsistent treatment of borrowers.
Group Savings and Loans (GS&L) is a process pioneered by CARE International.
Workouts can lead to debt-for-equity conversions and fresh loans from lenders, a process during which current shareholders usually see their investments written down.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com