This group accounted for four in 10 of all house purchase loans in October.
Founded in 1973 as a government-sponsored enterprise, Sallie Mae originally borrowed money at near-government rates to purchase loans guaranteed by the government, but in the 1990s Congress took away SLM's funding edge.
Geithner's PPIP was originally envisioned with two components--one to purchase entire loans and one to purchase securities.
Anti-Deficiency Statutes often only work for original purchase money loans, and not for re-financed loans, or for home-equity lines of credit (HELOCs).
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The Mortgage Bankers Association said Wednesday that its index of mortgage applications for the week ended Dec. 19, which includes both purchase and refinance loans, hit its highest rate in five years, jumping 48.0% to 1, 245.4.
Less than 1% of urban Chinese use consumer loans to purchase consumer goods, while 47% of all US families have installment loans and 46% carry a credit card balance.
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Auto demand in India has slumped due to high fuel prices and interest rates on loans to purchase vehicles.
Such companies purchase batches of soured loans in bulk, often for pennies on the dollar, and then try to collect.
Buyers are also having an easier time taking out government loans to purchase existing homes, where they can typically get more bang for their buck.
It may mean that it averted disaster even if only a portion of the new bank liquidity is used to expand loans or purchase sovereign debt.
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Through the service, the company will provide its online sellers, mostly small businesses, loans to purchase inventory and thus enable them to increase their sales on Amazon.com.
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Russian billionaires Petr Aven and Mikhail Friedman are hoping their Alfa Group can get out of repayment pressure from Deutsche Bank, which provided multibillion-dollar loans to purchase shares in mobile operator VimpelCom.
This will also provide an opportunity for the ESM to receive loans to purchase sovereign debt in an almost unlimited capacity, effectively mutualising debt between countries (effectively creating a common Eurobond) while expanding capacity to purchase on an unlimited basis.
Its level of non-performing loans is low, but is flattered by Santander's purchase of property financed by its own loans.
At the start of 2000, first-time buyers accounted for 49% of loans for house purchase.
It also tied loans to the purchase of specific investments, a practice that Weill had strenuously pushed during his regime at the top of Citigroup.
The number of mortgages completed was running at about one-third of the average February total of 76, 000 loans for house purchase between 2002 and 2007.
Tilton has built a formidable fortune using collateralized loan obligations (CLOs) to finance the purchase of distressed middle market loans from bank portfolios.
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In May, for the second consecutive month, there were around 95, 000 new loans for house purchase, well down on a year before, but up from the low of 77, 000 in November.
Freddie Mac and Fannie Mae are not in trouble because of their structure or financial underpining, rather because of perverse incentives to senior managers resulting in gutting of underwriting criteria and the purchase or guaranteeing of bad loans.
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The number of loans approved for house purchase was 101, 000, up by 23%.
Now the workers in Thailand can raise loans through Kiva to purchase the materials, and Yellow Leaf Hammocks will sell the hammocks for them and pay them for the continued work.
The proceeds of home equity loans are frequently utilized to purchase cars, pay tuition or take leisure trips.
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The number of loans approved in July for house purchase was the highest since November.
Under TALF, credit is extended to investors for the purchase of certain designated securities backed by student loans, auto loans and credit card debt.
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The Treasury will get temporary authority to extend unlimited loans to the firms or to purchase equity stakes in them if their condition worsens.
The TALF was created by the Fed to lure capital from the sidelines to support the consumer loan market by extending credit to investors for the purchase of certain designated securities backed by student loans, auto loans, and credit card debt.
The IRS says that foreign investors who directly purchase passive interests in U.S. business loans, at the time the loan is made, are doing business in the U.S. and should be taxed on their earnings and profits as if they are a U.S. resident.
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And, in fact, in the first G20 visit that I made, in April to England, I was very clear to the rest of the world that what they cannot rely on is an economic model in which the United States borrows -- consumers in the United States borrow, we take out home equity loans, we run up credit cards to purchase goods from all around the world.
WHITEHOUSE: President Obama and Prime Minister Cameron at the White House | The White House
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