Word: loaned
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Dates: during 1970-1979
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...created so much money partly to cover budget deficits, partly to meet the credit demands of a growing and inflationary economy. Throughout 1978 the Fed kept letting interest rates rise to discourage borrowing; banks raised the prime rate 14 times, by a total of almost 4 points, to 11.5%. Loan demand stayed high, however, and money supply kept bounding up; in September it rose at an annual rate of 15.8%. But the cumulative effect of the interest increases may be retarding money growth at last. Money supply in October rose at an annual rate of only 2%, and in November...
Thus that first sign of an overextended consumer, a rise in loan delinquency rates, has yet to occur. Mortgage loan delinquencies are at an alltime low, reports Claude Pope, the head of the Mortgage Bankers Association, and the "loan collector" who used to break the thumbs of widows and orphans has been renamed a "loan counselor." But if the economy slows as expected next year, it is going to take an awful lot of counseling to advise the American people about how to carry a trillion dollars of debt...
...speak Vietnamese to him and he answers me in English," says Dr. Bui. Thien Nga, who at 3½ is nearly as tall as her brother, and Jo Ann, 2, both born in the U.S., compete for Bui's attention. The household also includes 14-year-old Loan, Simone's child by her first marriage. Bui's son Tuyen, 17, also from a previous marriage, is at an Arkansas boarding school that is run by the Catholic Church and has several black students...
...mayor was really in high spirits, glowing," recalled Brown. "He yelled, 'C'mon in, this I've got to tell you!" Moscone's news was that he felt he had pulled off a political coup in selecting Don Horanzy, 42, a real estate loan officer of the U.S. Department of Housing and Urban Development, to fill out White's four-year term. Horanzy had not sought political office but had developed local support by founding a neighborhood "All People's Coalition" in White's lower-middle-class, partly black, Oriental and white ethnic...
...study suggests improving the mortgage market by setting the usury rate at the market lending rate, providing state subsidies for lower interest rates, publishing mortgage terms and lending criteria for all banks, involving the community in the loan process, and strengthening anti-discrimination laws and the use of affirmative action program by banks...