Usually the rate is higher and the loan inferior to open market loans, but hey, the builder made another sale. (activerain.com)
Prior to joining Cerberus, Mr. Miller worked as a Vice President in The CIT Group / Business Credit, Inc. from 1986 to 1998, where he was responsible for origination, structuring and underwriting middle market loans to distressed companies and companies undergoing restructuring and reorganization, and where he formerly served as the Marketing Manager of the credit finance division. (cerberuscapital.com)
In order to increase volume, some lenders weakened underwriting standards and began bypassing school financial aid offices to market loans directly to borrowers. (studentloanborrowerassistance.org)