Word: loaning
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While regulators keep a close watch on fairness once borrowers actually complete a loan application, Bhargava says institutions often discriminate in more subtle ways--by not marketing their mortgages in certain areas. The practice, claims Bhargava, is a violation of the spirit if not the letter...
...lenders say they are fair, and they explain the disparity in lending by saying they get fewer loan applications from residents of the city's poorest neighborhoods...
...bank received 164 mortgage loan applications in Cambridge in 1992, and completed 149 of these loans, according to copies of data the banks must report to the FDIC...
Unlike Cambridge Savings Bank, Cambridge Trust does not employ commissioned loan executives, but relies rather on walk-in applications, Beal says...
Epstein, a visiting professor of business administration, is accused of skipping out on a $1.5 million loan he owed Los Angeles-based Mitsui Manufacturers Bank for two investment companies he ran in Southern California. After the bank tracked him to Harvard and sued in Middlesex court, Epstein agreed to pay Mitsui $13,000 a year, meaning he will pay off the debt by the year...