Exact(3)
Mr. Miller pressed Ms. Spellings to specify the steps she had taken to ready the federal government to make sure loans would be available to students, should banks and other private lenders be unable to meet demand.
Pierre-Marie Boisson, the chief economist at Sogebank who shepherded the creation of Sogesol, said that while the donor-financed lending programs showed the potential, they did not have access to sufficient capital and were also not vigilant in making sure loans were repaid.
To be sure, loans offered by their new companies face unprecedented scrutiny by regulators and investors.
Similar(53)
The Consumer Financial Protection Bureau, which began operations last summer, is charged with making sure loan servicers deal fairly with borrowers and explain their doings in plain language.
"So while the test will make sure loan officers understand the technical aspects of mortgage lending, most consumers are going to assume they have that information, and evaluate their mortgage loan officer based on how well they serve them".
"The No. 1 reason we entered the whole review of the student loan situation was reliability, to make sure that loans will be available regardless of the credit markets," said Robert Shireman, the deputy under secretary of education.
The banks thus have a powerful incentive to make sure their loans are good ones.
They may make sure their loans are secured which in turn increases the losses inflicted on the remaining unsecured creditors and thus the price they will demand.
He says the protests are necessary to make sure the loans are spent on the unglamorous work of improving the sewerage network in the poorest neighbourhoods.
The result is that unlike many other mortgage lenders, Third Federal has a vested interest in making sure its loans do not go bad, so foreclosure is a last resort.
Correction: May 1, 2004, Saturday Because of an editing error, an article on Thursday about the debate over whether microcredit loan programs should focus more on people at the upper fringes of poverty or on the poorest misidentified an organization that lobbied Congress to make sure the loans benefit the world's poorest.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com