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It isn't an easily obtained loan.
The result suggests that 89 % of the firms obtained loan from microfinance institutions (MFIs).
Kevin Stein, associate director of the California Reinvestment Coalition, says his group's surveys of housing counselors suggest that servicers' practices continue to pose serious problems, especially for non-wealthy homeowners, people of color, handicapped individuals and those who have sought or obtained loan modifications.
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The bank is suing some of the clients, claiming they obtained loans fraudulently.
The fake buyers then obtained loans from the banks, with the defendants pocketing most of the money, the indictments say.
Sixty people falsely claiming to be women's league employees then obtained loans from the bank, authorities said.
But Spano was later sentenced to prison for bank and wire fraud, having illegally obtained loans to buy the team.
From the total PLWHA who were involved in income generating activities, 44 (65%) of them were involved in small business enterprises, followed by 4 (8%) respondents who obtained loans.
Many borrowers who obtain loan modifications, in fact, soon find themselves in trouble again.
Even now, Wall Street's involvement will complicate efforts by troubled borrowers to obtain loan modifications.
(About half now view the Internet as a useful place for mortgage information; about one-third find it useful for obtaining loan applications).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com