This was going on for quite sometime, making loans to people that should never have had loans.
At the end of June, the 17 big commercial banks had combined bad loans of 55 trillion won, or 11% of their total loans, and had made provisions against only one-third of these.
At an earlier hearing, Mr McKillen's lawyer, Shane Murphy, told the court his client was continuing to make interest repayments on all his loans, no default notices had been issued by the banks and even loans that had expired had been assessed by Nama as performing.
You had housing loans that were much more readily available and has gotten us into some of this mess.
In plans that allow borrowing, about 21% of participants had outstanding loans in 2011, up from 18% in 2008, according to a December report from the Employee Benefit Research Institute.
In exchange for thousands of dollars in fees, the Defendants allegedly provided credit bureaus with fictitious information showing that Highway Furniture and New York Funding had extended credit to the purported customers, and that those loans had been (or were being) repaid.
Because these applications had already been processed in real life, the researchers knew whether each one had been accepted for a loan, and which of the accepted loans had eventually defaulted.
In December, the government had extended a cheap loans program for exporters by a year and had also added engineering-goods exporters to the list of companies that can take such loans.
The Wilpons needed to conduct the refinancing last year in part because Mr. Wilpon had a number of loans secured with money that had been invested with Mr. Madoff.
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Four of the six failed banks last Friday had extreme overexposures to CRE loans, and four had loan pipelines that were 93.7% to 100% funded.
But by the end of last year, only 522, 000 loans had been permanently modified.
He alleged that the loans had been given in return for favours from Congress-ruled states.
My private loans had been split, so I had six different ones to pay.
However, this is the first thing that the bank did once my loans had matured.
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Those loans had originally been advanced to Kennedy Group companies by Bank of Ireland, AIB and Anglo Irish.
The court noted that Mr. Sanders had used the loans for personal purposes making the resulting interest non-deductible.
Only 1.1% of these loans had gone sour by the end of last year, according to China's banking regulator.
They each said they had made the loans at commercial rates of interest.
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Ritchie, which has sued Petters for fraud, says the rates are high because the short-term loans had a profit-sharing component.
Under the previous model of condensed repayment cycles, the loans had very little impact on the average incomes of the poor.
Key lending such as credit cards, car loans and student loans had essentially come to a halt in October, Mr Paulson said.
Mortgage backed securities comprised of toxic subprime loans had been spread throughout the world financial community by Fannie Mae and Freddie Mac.
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While the banks had waived certain conditions for the loans, American Greetings had pressed for repayments that Clinton Cards could not meet.
The loans had originally been made to the Maybourne Hotel Group by two Irish banks to fund the acquisition of the hotels in 2005.
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Many of the laid-off workers had taken out loans for their children's college tuition, but they found it impossible to pay back the loans immediately.
Instead of simple thirty-year fixed rates, Bair noticed, the loans had hidden fees and exotic features, like low introductory rates that exploded after a few years.
The Agriculture Department does not receive the paperwork from banks until after the grain is actually shipped, and department officials said they did not know who had made the loans.
In 2008 two-thirds of its mortgage loans had no penalty rate at all, and as of October, 2010, no loan had a penalty rate more than 3% above the contract rate.
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Globally, leveraged loans had prices 21 points higher than the average in the first half of last year, and investment-grade borrowers paid 12 points more than they would have last year, according to Dealogic.
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