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Community Reinvestment Act Induced Banks To Take Bad Risks, Economic

on Dec 27, 2012 in Stated Income Loans | Comments Off on Community Reinvestment Act Induced Banks To Take Bad Risks, Economic

Community Reinvestment Act Induced Banks To Take Bad Risks, Economic … In other words, the Obama administration thought the power to force banks to make low-income loans should be given to an agency that has no interest in prudent lending and gives no thought to whether such imprudent loans could harm banks and America's … If you would like more informaiton please visit here… Allow Private Education Loan Debts to Be Erased in Bankruptcy Also, many lenders use aggressive, high-pressure tactics to target vulnerable individuals, including young people without much financial experience. Private lenders are not required to—and often do not—provide the deferments, income-based repayment … If you would like more informaiton please visit here… College graduates get more relief on loan payments No thanks. “There would be nothing left for unexpected situations,” said Fogel, who works in the financial aid office at Kansas State University. “With everything else, I just couldn't afford to make those payments.” Fogel, 30, recently found a program … If you would like more informaiton please visit here… Community Reinvestment Act Induced Banks To Take Bad Risks, Economic...

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