U.S. lending practices, spurred by short-term gain, had banks lending to sub-prime borrowers with no money down.
So how did the Thomsons do a deal with no money down?
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The mechanism makes it possible for homeowners to pay little or no money down to have a set of solar panels installed on their roofs.
"It was no money down and no long-term commitment, " said Luttinger.
Moreover, downpayments are actually required, unlike in the U.S. where subprime clients were able to get into a house with little or no money down, leading to a foreclosure crisis.
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Waltz describes what it was like working inside the industry during the subprime lending craze when lenders were loaning people the full value of the house with no money down.
Before the Great Recession, when the airwaves were filled with those infomercials about how to buy a home with no money down and flip it for millions, these partnerships were all the rage.
That immediate gratification attitude is what gets our credit card balances skyrocketing, our decision to purchase a home with little or no money down, little or no cash reserves to fall back on and insufficient assets to fund education for our children or retire in comfort.
Several lenders, including Countrywide, America's largest mortgage lender, have stopped making no-money-down mortgage loans.
No, money is down the list of motivators.
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Since they had no down payment money and poor credit scores, normal mortgage standards had to be waived.
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Shnaider is still venturing into unknown territories, p.r. lesson or no, throwing money around and staring down rivals.
But with no money coming in, car sales down and an expensive new technologies coming for 2009, Honda felt they had no choice but to close their F1 operation.
Warren questioned senior Treasury Department officials Thursday about why there was no criminal prosecution for alleged money laundering by British bank HSBC and no effort to shut it down.
The lawsuit pits two men for whom money is no object in what boils down to a battle over pride and principle.
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Nobody becomes a priest, monk or nun in order to spend their professional life as a financial manager, so no doubt part of this money shuffling is down to innocent incompetence.
This is also the point in time where there is no longer an opportunity to make money from rolling down the yield curve.
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No producer can raise money until he is close to nailing down a theater space, cast and an approximate budget, says Baruch, who has produced 40 New York shows and tours, including Angels In America and Driving Miss Daisy.
Because Modista had no money to defend the suit in court, the company later shut down.
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They charge when customers remove liquidity and when they add it, so there is virtually no way they can't make money even when the markets are spiraling down.
Investors had no appetite for risk on Monday, pulling down stocks as they shifted their money into safe, defensive plays like bonds and consumer staples.
Ms. PERRY: Because what regentrification has done down here is bring in new money to reinvest in projects that have no other sources of funding.
But if you're no longer claiming the deduction, it may make sense to start paying down that debt rather than investing the money.
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