Word: loan
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...fixed- rate mortgage jumped from 9.25% to 10.25%, and at some banks to about 11%. A 1 percentage point increase on a $100,000 mortgage at 9.25% would boost a homeowner's monthly payments by $73, to $896, or a total of $26,280 over the life of the loan. Homeowners with adjustable-rate mortgages, which now account for about 20% of outstanding home loans, may face automatic payment increases if the rate hike persists...
...LATE February the council announced a loan of $12,000 to a student group that was negotiating to bring Elvis Costello to campus for his upcoming concert. James Chung, manager of the Student Production Association, an affiliate of the Undergraduate Council, at that time told The Crimson that the agreement guaranteed repayment of the loan, which would be used as seed money to attract corporate sponsorship for the Costello concert...
...recent telephone interview, however, Council Treasurer David McDonald said there had been a "misunderstanding" in the earlier reports. He said that the council's arrangement with the Student Production Association was not a loan at all, but rather made the council the first sponsor of the event. As it turned out, no corporate sponsors were attracted. The council will recoup the students' funds, McDonald said, only if the concert is a success...
Wedtech, meanwhile, is attempting to resurrect itself. A new management team has in its pocket a $500,000 loan from Chemical Bank and $38 million in Government contracts, none of which are the subject of investigation. Gone are the Cadillacs and limousines used by Wedtech's former officers. A $305,000 Manhattan condominium purchased in 1985 for "entertainment" purposes is on the market. Eventually, Wedtech's officers hope to rehire many of its former workers...
...help make the buyout work. A representative of Lazard Freres, the investment banking firm that employees have enlisted to help raise cash for the takeover bid, pronounced the venture "viable." One notable believer in the scheme was Defense Attorney F. Lee Bailey, who anted up a $1.5 million loan at the Chicago rally, where many of the attendees sported red-and-white BE UNITED, BUY UNITED buttons. Bailey's wife Patricia is a United flight attendant...