Exact(5)
It is credited with reducing loan and mortgage rates, but fails to increase lending to businesses.
The idea of reducing loan principals last month became a centerpiece of the administration's efforts to help seven million households threatened with foreclosure.
Stable house prices would do wonders in reducing loan delinquencies, shoring up the banks' balance-sheets and restoring the flow of credit.Despite the good news, Mr Obama's approval ratings, though high, are slipping.
Its other main market is in banking, where big firms such as JPMorgan and Citi use it for a range of activities from structuring equity derivatives to reducing loan losses.A stablemate of sorts to Palantir is Xoom, a firm that specialises in cross-border remittances.
In reality they mostly came from reducing "loan loss reserves".
Similar(52)
He proposed reducing loans for shipbuilders, a pet program of Senator Trent Lott of Mississippi, the Republican leader.
Most colleges will apply the outside scholarships first to any unmet need, then to reducing loans and work-study.
Actions taken in 2005, 2006 and 2007 greatly reduced loan originations and market share.
The proposals would call on lenders or loan-servicing firms to reduce loan balances voluntarily and take sizable losses.
The only acceptable answer would be widespread modifications that reduce loan balances, reduce interest rates or extend the terms of the loans.
The plan offers up to $75 billion in incentives to lenders to reduce loan payments for troubled borrowers.
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