This week the financial ombudsman reported a surge in complaints about payday loans (Report, theguardian.com, 6 September).
BETTING ON FANNIE MAE Fannie Mae, the buyer of home loans, reported a $2.57 billion quarterly loss, but investors bid the stock up 15percentt.
But the categories of loans covered by the measure accounted for only about one-third of the bad loans reported by the government as of last September.
Among the mid-caps, Onesavings has jumped more than 9% to 259.9p as the group, which offers residential mortgages and buy-to-let loans reported a 36% increase in first half profits to £64.6m.
In 2006, blacks were 2.3 times more likely, and Hispanics twice as likely, to get high-cost loans as whites, after adjusting for loan amounts and the income of the borrowers, according to an analysis of loans reported under the federal Home Mortgage Disclosure Act.
Last year, blacks were 2.3 times more likely, and Hispanics twice as likely, to get high-cost loans as whites after adjusting for loan amounts and the income of the borrowers, according to an analysis of loans reported under the federal Home Mortgage Disclosure Act.
Nouriel Roubini, an economics professor at the Stern School of Business at New York University, warned that the roughly $100 billion in bad loans reported by banks to date could increase nearly tenfold, as the defaults spread beyond the subprime mortgage loans to consumer loans, credit cards and corporate lending.
Loans reported on a managed basis represent both receivables owned by the lender and those loans securitized and sold to investors.
As foreclosures reached record highs in Cleveland, Quicken Loans reported that 2009-2010 has been their most profitable period in the company's history.
Many colleges provide inaccurate information to college rankings (e.g., reporting just need-based loans instead of all loans, reporting the average debt among all graduating students as opposed to just those students graduating with student loan debt).
