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Category archives for: Loans

Former bank president charged with illegally profiting from loans – Dothan Eagle

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Former bank president charged with illegally profiting from loansDothan EagleFederal authorities have arrested a former Coffee County bank president and charged him with multiple counts of receiving cash in exchange for loans and making false bank entr…

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Who’s Really to Blame for Slow Bank Loans? – Wall Street Journal

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Who's Really to Blame for Slow Bank Loans?Wall Street JournalAsk any small-business owner to name his or her biggest gripe about obtaining a bank loan, and you will likely hear that it's the tortoise pace at which banks review and approve loan …

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Who’s Really to Blame for Slow Bank Loans? – Wall Street Journal

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Who's Really to Blame for Slow Bank Loans?Wall Street JournalBanks are notorious for their lengthy loan-application processes, which often take weeks to complete. Though the economy is in recovery mode, the recession made a huge impact on how banks…

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De Blasio Hails $350 Million in Housing Loans Led by Citigroup – Bloomberg

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De Blasio Hails $350 Million in Housing Loans Led by CitigroupBloombergNew York Mayor Bill de Blasio announced $350 million in loans for affordable housing provided by banks led by Citigroup Inc. (C) as he forges closer ties to Wall Street, once one of…

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Bay Area company hit with $92 million penalty for predatory loans to military … – Sacramento Bee

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Bay Area company hit with $92 million penalty for predatory loans to military …Sacramento BeeIn a final federal slapdown, a Bay Area company accused of thousands of fraudulent consumer loans – primarily against military service members – was orde…

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How much did subprime loans fuel the GDP boom? – MarketWatch

-------------------- How much did subprime loans fuel the GDP boom? – MarketWatch

MarketWatchHow much did subprime loans fuel the GDP boom?MarketWatchSubprime loans make up about a third of new car-sales and two-thirds of used cars, according to data from Experian Automotive, at the end of last year. The New York Times, in a story a…

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BofA’s Countrywide Unit Is Ordered to Pay $1.3B for Defective Loans – Businessweek

-------------------- BofA’s Countrywide Unit Is Ordered to Pay $1.3B for Defective Loans – Businessweek

CNNMoneyBofA's Countrywide Unit Is Ordered to Pay $1.3B for Defective LoansBusinessweekBank of America Corp (BAC:US).'s Countrywide unit was ordered to pay $1.3 billion in penalties for defective mortgage loans sold to Fannie Mae and Freddie Ma…

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Congress Introduces Bill to Provide Tax Relief for Student Loan Borrowers – Accounting Today

-------------------- Congress Introduces Bill to Provide Tax Relief for Student Loan Borrowers – Accounting Today

Christian Science MonitorCongress Introduces Bill to Provide Tax Relief for Student Loan BorrowersAccounting TodayA pair of Democratic lawmakers have introduced a bill that would provide tax relief to student loan borrowers who have been granted debt r…

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Get to Know Private Student Loan Repayment Options, Restrictions – U.S. News & World Report (blog)

-------------------- Get to Know Private Student Loan Repayment Options, Restrictions – U.S. News & World Report (blog)

Christian Science MonitorGet to Know Private Student Loan Repayment Options, RestrictionsU.S. News & World Report (blog)Elizabeth Warren, D-Mass., introduced the Bank on Students Emergency Loan Refinancing Act, a bill that would have allowed borrowers …

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First National Bank of South Miami boosts loans, profits – South Florida Business Journal

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First National Bank of South Miami boosts loans, profitsSouth Florida Business JournalFirst National Bank of South Miami grew its loans by $14.1 million in the second quarter as it enjoyed greater profits. The bank posted earnings of $506,000, up from …

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