Word: loans
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...good news is that chances of avoiding foreclosure are greater than they've ever been. Fannie Mae is now negotiating to let borrowers keep their homes in 53% of problem-loan cases, a sizable jump over the 35% it was "working out" five years ago. Other lenders are following suit for good reason: a foreclosure costs them $2,500 on average. Says Duncan: "Nobody wins in a foreclosure...
...defiant about preserving dying companies in amber. Only state-controlled banks ponied up this time. The second thing that may make this rescue different is that MobilCom CEO Thorsten Grenz outlined a restructuring that could make it work, including slashing 3G and a third of the workforce. "The loan was put together in a panic," says Ovum chief analyst Julian Hewett, "but they've got businesses that can survive if they completely give up on the 3G idea." Of course if MobilCom does survive, the problem of overcapacity in Germany's - and Europe's - wireless sector will remain. Which means...
...also said the KSG’s recent efforts to provide incentives to enter public service—including loan forgiveness and fellowships—had been paying dividends...
Someone living in a trailer park in Noreen’s portrayed financial situation would most likely receive a large grant; the rest of the financial aid would then consist of either a work-study job or a loan to be paid after graduation totaling no more than $5,000, he said...
Federal farm-loan managers estimate that 90% of farmers in the area are in financial trouble. Jones says he would be broke it were not for his wife's schoolteacher salary. "Everyone's asking everyone else, 'What are you doing?'" Jones says. "We all know what to do when it rains. But nobody knows how to farm when it doesn't." --With reporting by Amanda Bower/New York...