Archive for June 2008

Kris Koonar asked: An Asset based loan is when a borrower avails of a loan against a borrowing base that is the assets that the borrower might possess at the time of the loan. A borrower might require an asset based loan to expand his/her business or to fund new acquisitions or mergers, or for [...]

Jane A. Smith asked: The United States Treasury Department, along with several other federal financial regulatory agencies, released a Statement on Subprime Mortgage Lending in June 2007. This sizeable document (it is 31 pages long) is aimed at people involved in borrowing and lending for mortgages at subprime rates. Of particular concern to the authors [...]

Buggaboo asked: I read an article in the paper about these personal lending web-site like “the lending club” where you can borrow or lend money to people instead of a bank.
Have you ever tried it? If so, what’s your opinion on it?

PJenkins asked: I am aware of the p2p lending companies that are out there, but I don’t know much about them. Specifically, I would like something that I don’t have to pay off monthly, but rather after a longer set period of time. Also, I am looking borrow 2-3 thousand dollars.

fewellhbp28 asked: i am trying to buy a new car but lending tree said that they will not offer trade-ins under a 2001 model and mine is a 1999. Thank u for for your help!

Jane A. Smith asked: The most recent regulatory report on subprime lending is the Statement on Subprime Mortgage Lending (June 2007). This 31-page document was released by the Federal Reserve and other federal financial regulatory agencies in response to the current out-of-control subprime lending market. It describes in detail the requirements made of subprime lenders [...]