Most banks were processing the new loans whereas the big banks were shelving them, so most borrowers calling in to speak with their lenders are speaking to servicers of the loan, and not the original company the borrower closed the loan with.
We recently closed our first loan under a Living Cities program called The Integration Initiative (TII) www.livingcities.org.
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Solyndra's Energy Department loan closed in September 2009, and a year later it was back asking for more as it bled cash.
In New Mexico a savings and loan closed its doors with the collapse of a solar panel tax shelter it had helped finance.
Meanwhile, the unitranche loan that closed this summer for Benihana was under 9%, they say.
Herzfeld Advisors purchased high-yield and loan participation closed-end funds at discounts of more than 30.0%, because the prices hit rock-bottom during intraday trading, said Gondor.
Also, like the big mortgage issuers on the mainland, he has a habit of booking paper gains on the servicing portfolio: As soon as a loan is closed, he books as income the value of the right to service it.
Expecting the measure to pass, several payday loan outlets have already closed and many more are expected to follow, throwing at least several hundred employees out of work.
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Further rattling financials, the Fed closed the book on Florida savings and loan BankUnited.
Antelope Valley is one of several clean-technology projects that haven't yet received any payments from the federal government under a loan-guarantee program that closed all deals more than four months ago.
Further, six innovative energy projects have received conditional loan guarantee commitments from the DOE and secured developer financing, but, because the OMB will not consider loan guarantee funding to be obligated until loans have closed, these projects, too, will be cancelled.
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At the end of the day, your mortgage loan will be originated, processed, approved and closed by people, software and institutions will be the platforms that allow individuals to do their jobs, but you are choosing people to help with the single biggest financial decision most people will make.
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First of all, I would say that it's based on anonymous sources, so I'm not sure that it's true, and hopefully it's not because it reports that Speaker of the House John Boehner, in a closed meeting with House Republicans, called the discussion over whether or not to allow student interest loan rates to double a phony debate.
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