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Loans, Mortgages and Banks
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A "cash back" mortgage swindle involving in excess of $1 million in stolen funds and more than $11.3 million in fraudulently obtained loans on 16 homes in the Sacramento region was alleged Friday in a federal indictment.
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The Bush administration is working to ensure the student loan market is viable during the U.S. financial crisis, the Treasury and Education departments said.We recognize that education is the foundation of a strong American workforce and we must not let challenges in our capital markets hinder...
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WASHINGTON, Oct. 10 (UPI) -- John McCain's plan to have the U.S. government buy troubled mortgage loans has drawn criticism from both sides of the political spectrum.
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A student loan provider under the wing of the education ministry plans to report delinquent borrowers to a bureau that logs consumer credit histories, a move that may make it difficult for them to access bank loans or use credit cards, sources said Friday. To stem the growing number of overdue...
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WASHINGTON -(Dow Jones)- The Bush administration said Friday it is taking steps to support the student loan market amid the financial crisis.
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The Bush administration said on Friday it would take further steps to support the student loan market for the 2009-2010 school year.
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John McCain is facing a fresh round of anger from members of his own party deeply opposed to the Arizona senator's proposal for the federal government to purchase troubled mortgage loans.
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LINK Financial , the leading European purchaser and servicer of semi - and non-performing consumer receivables, has launched a new brand dedicated to the administration of student loans.
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Following its monthly surveillance review in October, Fitch Ratings identified 50 of its $234 billion U.S. ABS student loan deals as 'Under Analysis', indicating that Fitch will be issuing a rating action within 30 days. Three hundred and fourteen FFELP student loan deals were designated with a...
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RALEIGH -- Officials in North Carolina hope the credit crunch doesn't prevent college students from getting loans. This summer, Congress passed a bill to improve student loan availability. The move helped lower interest rates on loans from 6.8 to 3.4 percent.
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