Question by dellawson@btinternet.com: unsecured loans?
Best answer:
Answer by sunilnchassaram
Receipe for disaster.
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unsecured loans?
loans
Why do not banks restructure loans to quit foreclosure crisis?
Question by frickadella: Why never banks restructure loans to cease foreclosure crisis?
Properly, I hear a lot about how unamerican it is and uncapitalist as effectively – and by the way, its the home owners fault for purchasing a residence they could not afford. Place aside that OLD worn out notion of fiduciary duty, bah, that the bank may have had when giving out loans in the 1st spot and assist me recognize this: Who wins when so numerous are foreclosing? The banks lose money, the owner loses the house, and the investors that fund the mortgage marketplace are losing too correct… and the communites, the countys and on and on? I wouldn’t anticipate the bank or investors to restructure solely for the advantage of homeowners, but can not they just defer partially the payments or locate some answer that allows the owner to hold the property and nevertheless honor their obligation, just perhaps further out?
So I guess my query is, what is stopping banks from performing something when it appears everyone is losing out?
Ideal answer:
Answer by Rex
Absolutely everyone is not loosing it. Much less then 1% of homes are facing foreclosure, the media just talks about it a lot.
You look to be missing the truth that these men and women had been provided large sums of cash, which they spent and it needs to be paid back.
No 1 need to get a free ride, especially not based on them being greedy in the first location.
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Q&A: I need help finding a company that still offerst student loans.?
Question by Ana: I need help finding a company that still offerst student loans.?
Financial aid didn’t cover my whole tuition and books.
I need help finding a comapany that still offers student loans.
Any suggestions?
Best answer:
Answer by NotAnyoneYouKnow
The news on this front might be improving. Don’t take this as a personal recommendation (one way or the other) about Sallie Mae, but here’s an excerpt from an article that just appeared in the Washington Post this past week:
“Sallie Mae Raises $ 1.5 Billion for Private Loans
Reston-based Sallie Mae has secured $ 1.5 billion worth of financing from investment bank Goldman Sachs for a batch of private student loans, a sign that credit for the frozen student loan markets may be beginning to thaw.
The deal is the first transaction to provide funding for the private student loan market since September 2007, other than a relatively small securitization of $ 124 million, which was sold by the private lender MyRichUncle on July 10, 2008, according to Mark Kantrowitz, the publisher of FinAid.org.
“That’s significant, as a first sign of a thawing of the capital markets,” Kantrowitz said.”
On the other hand – if you’re looking for a list of lenders that are no longer making student loans – you can find that list here:
http://www.nasfaa.org/publications/2008/rsuspensions030408.html
You’ll find a few well-known names there, lenders like Bank of America, Comerica, GMAC, My Rich Uncle, Next Student, and the now-departed Wachovia and Washington Mutual.
Your best bet is to check with the financial aid office at your school – that’s part of what the financial aid officers are paid to keep track of (who’s still making loans available to their students). Another important option is to contact whichever banking institution you (or your parents) have had a long-term relationship with – especially if that institution is a credit union or a regional bank. Some lenders have limited the availability of educational loans strictly to loyal customers, and they’re no longer advertising these products to the general public.
All of that being said, you’re in a for struggle, as you already know. Educational loans are high-risk loan products, and these are exactly the types of loans that nearly every bank is trying to avoid.
Good luck to you.
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Valley Auto Loans Releases New Blog Post that Advises on High Risk Auto Loans
(PRWEB) May 25, 2013
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Recently Valley Auto Loans released several new posts in their blog, which advise clients on matters from picking a new car all the way to finding better car insurance. Their most recent addition is an article titled High Risk Auto Loans Advice. It is a very interesting and useful collection of information that is essential to anyone seeking a high-risk auto loan due to a damaged driving history.
Valley Auto Loans auto loans has many useful and essential tools for any financial situation, but their main service is their auto loans. Anyone at all who applies at Valley Auto Loans will be approved for a great auto loan. Low rates, great maximums, and no hidden fees are all available from an application that can be completed in less than a minute. So anyone in need of a new, reliable vehicle, but who is struggling with bad credit scores can find exactly what they need at Valley Auto Loans.
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how do you sell short student debt loans ?
Question by John K: how do you sell short student debt loans ?
how do you sell short student debt loans ? just like other debt instruments ?
Best answer:
Answer by Peilthetraveler
Sell short sallie maes stock. Ticker symbol SLM.
Give your answer to this question below!
Why do banks package loans into securities?
Question by BeachBabe: Why do banks package loans into securities?
a. To spread the risk of default and increase liquidity.
b. To take advantage of tax breaks passed by the Federal Government as part of stimulus packages.
c. Because banking regulations require them to do so.
d. In order to get around adhering to current banking regulations.
Best answer:
Answer by Richard B
mainly because a law called “Glass -Stiegal” that required banks and financial institutions to be separate was repealed only a few decades ago
it allowed them to make bets and sell stuff that no one understood they claimed it was like buying insurance but it was really a scheme
read some robert Reiche and Richard Wolff about the resent history
“frontline had an excellent two hour show about what happened
in short a few people made huge fortunes and everybody else paid for it
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What loans should the banks have made to avoid the real estate crash?
Question by julio_slsc: What loans should the banks have made to avoid the real estate crash?
It is not wise to provide a non-answer with little detail.
Best answer:
Answer by Wisdom
They should’ve given out loans to people that could actually afford to pay them back.
That’s actually all the answer there is.
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Q&A: Was the securitization of subprime loans the greatest scam in history?
Question by Kuntree: Was the securitization of subprime loans the greatest scam in history?
If not what was the greatest scam?
Best answer:
Answer by wg0z
maybe. the private loans thing was many people, and the final figures
are not yet tallied.
Bernie Madoff gets my vote for now.
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Is securitization student loans make it easier or harder for students to get a loan?
issue by : Is securitization student loans make it easier or harder for students to get a loan
Is it easier or harder for students to get a loan? How so? Achelios Well, thank you for your answer, but this is true for all loans everywhere. I’m talking about specific securitization. I think I understand the answer anyway. Securitization by private companies that allows them to pay student loans, providing more opportunities for students looking to borrow a loan. I’ll leave the question if someone has a better answer. I was not sure if the pooling loans and selling shares to investors affect interest or not Best response rates:.
response Achelios
once you start paying for the loan, then you make history paiementSi you pay on time and as agreed … then it will help you build créditToutefois, if the amount of student loan (s) is not severely limited, then it can still affect your ability to lend because of debt-revenuune once you get the balance ratio will be paid to a small amount, and if always paid on time and at least the full monthly payment under … then it can be
useful
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