Sentences with phrase «made by a lending institution»

Not exact matches

Big Wall Street banks have found a way to continue funneling money to high - risk borrowers — by lending to other institutions who make the so - called subprime loans.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

By paying interest on excess reserves (IOER), the Fed rewards banks for keeping balances beyond what they need to meet their legal requirements; and by making overnight reverse repurchase agreements (ON - RRP) with various GSEs and money - market funds, it gets those institutions to lend funds to iBy paying interest on excess reserves (IOER), the Fed rewards banks for keeping balances beyond what they need to meet their legal requirements; and by making overnight reverse repurchase agreements (ON - RRP) with various GSEs and money - market funds, it gets those institutions to lend funds to iby making overnight reverse repurchase agreements (ON - RRP) with various GSEs and money - market funds, it gets those institutions to lend funds to it.

The fund invests under normal circumstances at least 80 % of its net assets (plus any borrowings for investment purposes) in senior secured floating rate loans made by banks and other lending institutions and in senior secured floating rate debt instruments, and in derivatives and other instruments that have economic characteristics similar to such securities.

Federally guaranteed student loans will no longer be made by private lending institutions through what many of you already know as the Federal Family Education Loan (FFEL) Program.

Depository institutions make money by borrowing short and lending long; they collect the spread in between.

This program insures mortgage loans made by private lending institutions to finance the purchase of a used or new manufactured home.

FHA - approved lending institutions - which include many savings and loan associations, banks and mortgage companies - can make loans covered by EEM insurance.

VA - guaranteed loans are obtained by making application to private lending institutions.

Once you have made the required payments, your loan (s) may be purchased by an eligible lending institution.

Loans are made directly to businesses by participating lending institutions, with the SBA providing a partial guaranty of collection to the bank.

Instead, FHA insures qualified loans made by private lending institutions.

Chuck has been called upon by lending institutions to help draft internal guidelines used to evaluate the potential environmental risk a site may present prior to making a loan.

Private mortgage loans are made by private lenders instead of traditional financing sources such as banks, lending institutions, or government agencies.

Yet the landscape of the lending market has shifted dramatically over the past few years from domination by big banks to a market where more loans are made by non-banks — financial institutions that only make loans and do not offer deposit accounts such as a savings account or checking account.