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Exact(13)
Those loans allowed borrowers to defer some interest payments and add them to the principal balance.
The "no doc" loans allowed her to get mortgages her income could not sustain.
These loans allowed customers to borrow more than the value of their home.
It made bigger loans, allowed lower down payments and accepted buyers with spotty credit histories, he said.
The loans allowed Ford to avoid following Chrysler and General Motors into bankruptcy, though it now has more debt on its balance sheet than its Detroit rivals.
In other words, the CFPB suit notes, every dollar in private loans allowed them to receive an additional $9 from the federal loan program.
Similar(47)
All of them make inadequate provisions for bad loans, allowing them to overstate their income.
He says Federal Housing Administration loans allow 6percentt of the home price in closing-cost assistance, while conventional loans allow up to 3percentt.
In other words, banks gained extra security for their loans, allowing them to make borrowing less expensive.
Carmakers effectively cut prices with inexpensive loans, allowing them to rid themselves of excess capacity and lifting consumer spending.
Private or Graduate PLUS Loans allow students to round their aid packages by covering the unmet need or family contribution.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com