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Those loans allowed borrowers to defer some interest payments and add them to the principal balance.
All of them make inadequate provisions for bad loans, allowing them to overstate their income.
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.
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.
It made bigger loans, allowed lower down payments and accepted buyers with spotty credit histories, he said.
In other words, the CFPB suit notes, every dollar in private loans allowed them to receive an additional $9 from the federal loan program.
Such loans allow borrowers to choose whatever monthly payment they wish, even if it means paying back less than the loan's nominal interest rate.
The following year, he refinanced with $250 million in loans, allowing him to renovate the lobbies and elevators and to put tens of millions of dollars in his pocket.
Some Congressmen asked the Fed to give favourable treatment to student loans, allowing banks to go to the central bank and swap them for the safer T-Bills.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com