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NEW YORK TIMES The Loan Behind the Loans | "Online lenders who charge borrowers stratospheric interest rates are coming under pressure from state regulators — and it's about time," Gretchen Morgenson, a columnist for The New York Times writes.
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The default rate for the loans behind some of these securities has been running at levels almost 10 times higher than historically experienced.
With the loan repayments behind it, Chrysler can now concentrate on maintaining its slow but steady resurgence in the marketplace.
Back then, Moscow refused to co-fund the loan and worked behind the scenes to block China's disbursal of the funds, fearing that such lending would undermine its position in the region.
During the months it took to have Countrywide fix the error, she said, she fell behind on the loan.
And it may be easier to enforce those rules if an entire clan is standing behind the loan.
Well, the house and its equity stand behind the loan, and borrowers can't tap all or even most of the equity in many instances anyway.
"Once we see the worst of the loan write-downs are behind us, I would expect to see short interest rates increase".
These loans can be large enough that they are something like a mortgage, only there is no real estate behind the loan.
When the market collapsed and she couldn't rent the property, Ms. Garcia fell behind on the loan.
They also show that days before the Obama administration gave conditional approval to the loan guarantee, a major investor behind the deal met with Ms. Browner.
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