Word: loan
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Cuomo, whose office did not respond to repeated requests for comment, previously led an extensive investigation of the student loan industry that forced policy changes both at universities and within the lending industry...
...resumes is typically stubborn, even righteous. "Even if the economy is the quote 'number one issue,' the real issue will remain America's security," he told reporters yesterday. "And if [voters] choose to say, look, I do not need this guy because he's not as good on home loan mortgages or whatever . I understand that. I will accept that verdict...
Cuomo, whose office did not respond to repeated requests for comment, previously led an extensive investigation of the student loan industry that forced policy changes both at universities and within the lending industry. —Staff writer Kevin Zhou can be reached at kzhou@fas.harvard.edu...
...Most Geordies, though, remain anxious about the bank's future. In a last-ditch effort to avoid nationalization, the U.K. government on Monday hatched plans to convert into bonds the $50 billion Bank of England loan it used to prop up Northern Rock. That makes a private sale of the bank more likely: those interested in bidding before the February deadline - including a consortium led by Richard Branson's Virgin Group - will no longer need to front up for a big slice of that loan. The bank's battered shares climbed more than 40% on the news...
...BofA agreed on Jan. 11 to buy Countrywide for about $4 billion in stock, acquiring Countrywide's $1.5 trillion loan portfolio along with its battered reputation and a swamp of lawsuits. You could almost hear the sighs of relief coming from Wall Street - not to mention the Treasury Department and Federal Reserve - that someone had swooped in to prevent the collapse of the nation's largest mortgage lender and whatever else it might pull down in its wake. CreditSights analyst David Hendler called the deal a "rescue bid" that would give the markets some much needed stability. The irresistible headline...