Word: lenders
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Guaranteed Student Loan: $1,000. Though this is a federal program, loans are obtained through a private lender such as a local bank. Nguyen's loan repayments begin nine to 12 months after graduation...
Shared Appreciation Mortgages. The New York brokerage house of Oppenheimer & Co. has promoted this arrangement, whereby the borrower receives a mortgage rate that is one-third lower than the prevailing level, for example 9% rather than 14%. But the borrower must agree to give the lender one-third of the profits from the eventual sale of the house. Bankers predict that such plans, which are already popular in Florida, will soon become common elsewhere...
...find out whether his government would stand or fall. He went not to Congress, nor to the White House, but to 700 19th Street, N.W., the headquarters of the International Monetary Fund (IMF). Manley came to plead for a desperately needed loan for his country, and the IMF, "lender of last resort" to many Third World countries, was his last hope...
...theory, IMF could probably step in and handle the job of the world's lender of last resort. The fund already has some $40 billion in credits available to help poor nations pay their oil bills. This bankroll is scheduled to be boosted to $60 billion later this year...
...shelters particularly fetching was that in most instances the investors had to put up only a small amount of their own cash. As a partnership they often borrowed the rest on a "nonrecourse" loan, paper for which the partners are not personally liable. If the notes were defaulted, the lender got the property, and the investors got their writeoffs from depreciation and had no worry about being sued for leftover debt...