Word: loan
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Dates: during 1990-1999
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...diversifies into leasing office products and secured credit cards. Most mobile-home customers are first-time home buyers or retirees with annual incomes of about $26,000; the trailers cost an average of $34,000. Green Tree's break came in the 1980s, when the savings-and-loan crisis drove many thrifts out of the mobile-home market. The company moved quickly into the vacuum. The gamble paid off big when the mobile-home market took off in the early 1990s. Since then, the firm has upgraded its relationship with dealers, establishing 24-hour service centers in St. Paul...
...industry has attracted numerous lawsuits around the country filed by customers who claim they have been ripped off. In a case that drew considerable public attention, an Alabama jury found Mercury Finance liable for fraud involving an auto-loan scheme that allegedly netted the firm hundreds of millions of dollars. The collection agencies that work hand in glove with the lenders have also been targeted for harassing or even threatening delinquents...
BORN: April 6, 1964, Muncie EDUCATION: Ivy Tech State College, A.A., 1990 FAMILY: Husband, Daniel; four children RELIGION: Pentecostal MILITARY: None OCCUPATION: Credit and loan adviser POLITICAL CAREER: None ADDRESS: 11715 Fox Road, Suite 400-202, Indianapolis...
QUOTE OF NOTE: "Immigrants have been given preferential treatment. A friend of mine got a $1 million loan from the SBA just because he couldn't speak English. And his kid went to Harvard...because he couldn't speak English. What I want is fairness...
Olver is a pro-choice liberal who has fought for education and health-care reform, including a 100% health-insurance tax deduction for the self-employed. He is against cuts in Title 1 (for low-income elementary and high school students), Head Start and student-loan programs; he secured $225,000 for Internet access for his district's schools; and in a district that is home to eight of the state's 30 public colleges, he supports tax breaks for tuition...