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CHAPTER 138
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Amortization is an impressive sounding word that lenders use to describe the tedious process of liquidating a debt by making periodic installment payments throughout the loan’s term. Loans are amortized (repaid) with monthly payments consisting primarily of ... Retrieve Document
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Vol. 8 — Direct Loan and FFEL Programs, 2003-04 service the loan, and the process of selling loans to other lenders or to “secondary markets.” (A loan servicer is a corporation that administers and collects loan payments for the loan holder. A secondary market is a lender or a private or public agency that specializes in buying student ... View Doc
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CRA lenders, along with Fannie Mae and Freddie Mac—the two government-sponsored entities that bought loans from lenders, enabling them to make more loans—commonly classified CRA loans as “subprime” only if they contained such features as high fees, high rates, or low initial payments with adjustable interest rates. ... Read Article
Insurance - Wikipedia
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