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First, the program was not widely publicized relative to the federal government's efforts to help with more modest loan modifications.
But only a small fraction of potential borrowers qualified for even a modest loan — before Katrina, the typical resident of that neighborhood had been living on $16,000.
It said: The incoming chief executive's need to improve capital ratios leads us to halve our dividend per share forecast as well as move from modest loan growth to shrinkage.
Despite modest loan growth and strong investment banking fees, almost half of the bank's pretax operating profit came from the reversal of more than $2 billion of funds the bank had set aside earlier to cover credit card and other loan losses.
She put her life savings (and a modest loan) into buying the field for £100,000 and when she met Tom Wilmot, a teacher, and Eric Nelson, who then worked for BT, Eric suggested she should create a community supported agriculture, a concept well-established in the United States and Japan.
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That his father was a relatively prosperous Russian-Jewish butter-and-egg wholesaler in Brooklyn (who did a little modest loan-sharking on the side) is nothing to be ashamed of, and Lazar isn't ashamed �� he just wants to establish his own version of events.
That his father was a relatively prosperous Russian-Jewish butter-and-egg wholesaler in Brooklyn (who did a little modest loan-sharking on the side) is nothing to be ashamed of, and Lazar isn't ashamed he just wants to establish his own version of events.
The United States makes more modest loans through the Export-Import Bank, which extended a $120 million credit line.
After World War II, the G.I. Bill included modest loans allowing veterans to buy their first homes, according to Michael D. Calhoun, the president of the Center for Responsible Lending.
Begun in 1990 by Nan and Oscar Pollock, with the Rev. Peter Larom, who was then rector at Grace Episcopal Church in White Plains, the organization adopted the mission of preventing homelessness by offering short-term, modest loans to keep people in their homes.
The nonprofit organization, which is celebrating its 10th anniversary this year and is based here, works to prevent homelessness by offering modest loans to people to keep them in current housing.
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