Exact(12)
Banks make these loans but don't hold them.
But high fees can make these loans pricey.
You did not mention the most effective remedy: make these loans dischargeable in bankruptcy again.
This is rare enough, however, that the bank continues to make these loans.
In addition, not all lenders are approved to make these loans, so they steer people away from them.
Fannie Mae and Freddie Mac, the government-controlled companies that set lending guidelines, do not buy chattel loans, which means that few lenders now make these loans.
Similar(48)
Shouldn't banks be making these loans?
(Lenders generally stopped making these loans in 2007).
In Mexico alone, companies making these loans are reaching hundreds of thousands of women and children.
The banks that made these loans bundled them up and sold them in the credit markets to investors, eager for high yields.
In some cases, they have loose membership rules, making these loans available not just to people working with a particular company or labor union.
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