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The loan document cites as collateral the likelihood that McCain could requalify and collect federal funds.
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Also, the NYSE said, Daiwa's stock loan desk didn't document compliance with the stock locate requirements.
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Mill Financial says in the court document filed Thursday that the loan became due on August 13 but had not been paid in full.
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Lenders are much more careful than in the past, and you must be able to document your ability to pay the loan.
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These Alt-A mortgages include loans to people with spotty credit histories and so-called "liar's loans, " which do not require borrowers to fully document income or assets on their loan application.
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If the borrower can document extenuating circumstances, the waiting period for a loan with a 90% LTV drops to two years.
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The document was presented to the bank, which approved the loan.
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"Right now, the subsidies in the government-guaranteed student loan program are set by the Congress through the political process, " the budget document read.
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They have hunted and gathered, photocopied and surrendered every income, asset and credit document that might even remotely testify to their ability to repay the mortgage loan they seek.
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When the student applies for a loan, he gets an e-mail from the bank with a link to the document on a new web page.
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