NELNET INC
... December 31, 2003, our software was used to service $46 billion in student loans, which included $27 billion serviced by third parties using our software. We earn software license and maintenance fees annually from third-party clients for use of this software. We also provide computer consulting, cu ...
... December 31, 2003, our software was used to service $46 billion in student loans, which included $27 billion serviced by third parties using our software. We earn software license and maintenance fees annually from third-party clients for use of this software. We also provide computer consulting, cu ...
Amended Complaint
... The mortgages originated by Wells Fargo and securitized in the PLMBS purchased by the Bank provide further evidence of Wells Fargo’s abandonment of its stated underwriting guidelines. ................. 195 ...
... The mortgages originated by Wells Fargo and securitized in the PLMBS purchased by the Bank provide further evidence of Wells Fargo’s abandonment of its stated underwriting guidelines. ................. 195 ...
SLC STUDENT LOAN RECEIVABLES I INC
... in that order, until each such class is paid in full. The class B notes will not receive principal until the stepdown date, which is scheduled to occur on the earlier of (i) the distribution date in November 2013 or (ii) the first date on which no class A notes are outstanding. Thereafter, if a trig ...
... in that order, until each such class is paid in full. The class B notes will not receive principal until the stepdown date, which is scheduled to occur on the earlier of (i) the distribution date in November 2013 or (ii) the first date on which no class A notes are outstanding. Thereafter, if a trig ...
ODART 2017-1 Private Placement Memorandum
... • A pool of non-revolving, fixed-rate direct auto loans secured by automobiles, light-duty trucks and other vehicles. Credit Enhancement Will Consist of— • Subordination of certain classes of Notes to other classes of Notes higher in order of payment priority for payments of interest and principal. ...
... • A pool of non-revolving, fixed-rate direct auto loans secured by automobiles, light-duty trucks and other vehicles. Credit Enhancement Will Consist of— • Subordination of certain classes of Notes to other classes of Notes higher in order of payment priority for payments of interest and principal. ...
Receivable management in non banking finance companies with
... Wide spread appearance of news of high handedness of recovery agents is badly affecting the recovery mechanism of vehicle finances. Non Banking Financial Companies (NBFCs) are sharing a major part of vehicle financing activities in our country and thus the above criticisms are likely to affect badly ...
... Wide spread appearance of news of high handedness of recovery agents is badly affecting the recovery mechanism of vehicle finances. Non Banking Financial Companies (NBFCs) are sharing a major part of vehicle financing activities in our country and thus the above criticisms are likely to affect badly ...
Michael Kors Holdings Ltd (Form: 10-K, Received
... These statements often include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. The forward-looking statements contained in this report are based on assumptions that we have made in light of our management’s experience in ...
... These statements often include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. The forward-looking statements contained in this report are based on assumptions that we have made in light of our management’s experience in ...
Bank of America Student Loan Trust 2010
... addition, the trust will deposit funds, on the closing date, into a capitalized interest account. These funds will be available only for a limited period of time. The interest rate on the notes will be determined by reference to LIBOR. A description of how LIBOR is determined appears under “Descript ...
... addition, the trust will deposit funds, on the closing date, into a capitalized interest account. These funds will be available only for a limited period of time. The interest rate on the notes will be determined by reference to LIBOR. A description of how LIBOR is determined appears under “Descript ...
INLAND WESTERN RETAIL REAL ESTATE TRUST
... exposures and recoup expenses through the functions of the Captive program. The Captive was initially capitalized with $750 in cash in 2006, of which the Company’s initial contribution was $188. Additional contributions were made in the form of premium payments to the Captive determined for each mem ...
... exposures and recoup expenses through the functions of the Captive program. The Captive was initially capitalized with $750 in cash in 2006, of which the Company’s initial contribution was $188. Additional contributions were made in the form of premium payments to the Captive determined for each mem ...
Public-Sector Loans to Private-Sector Businesses
... that, if successful, businesses repay the funds borrowed and these repayments become available (or are “revolved”) to make new loans to other borrowers. Several federal agencies have provided funding to state and local government agencies to create revolving loan funds. For example, the Economic Dev ...
... that, if successful, businesses repay the funds borrowed and these repayments become available (or are “revolved”) to make new loans to other borrowers. Several federal agencies have provided funding to state and local government agencies to create revolving loan funds. For example, the Economic Dev ...
Do Credit Derivatives Lower the Value of Creditor Control Rights
... Our main finding is consistent with the view that an optimal contract design should minimize renegotiation costs. However, loosening covenants may open doors to agency conflict, allowing borrowers to engage in more risk-shifting. For firms where the underlying risk of agency problems is lower, loose ...
... Our main finding is consistent with the view that an optimal contract design should minimize renegotiation costs. However, loosening covenants may open doors to agency conflict, allowing borrowers to engage in more risk-shifting. For firms where the underlying risk of agency problems is lower, loose ...
Assessment Study of Microfinance Market in Moldova
... Microfinance institution (MFI): an organization that provides financial services to the poor. This very broad definition includes a wide range of providers that vary in their legal structure, mission, and methodology. However, all share the common characteristic of providing financial services to cl ...
... Microfinance institution (MFI): an organization that provides financial services to the poor. This very broad definition includes a wide range of providers that vary in their legal structure, mission, and methodology. However, all share the common characteristic of providing financial services to cl ...
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
... impacts, the classification on the statement of cash flows, and forfeitures. We elected to early adopt this guidance in the first quarter of fiscal year 2017. The new guidance requires excess tax benefits and deficiencies to be recognized in the income statement rather than in additional paid-in cap ...
... impacts, the classification on the statement of cash flows, and forfeitures. We elected to early adopt this guidance in the first quarter of fiscal year 2017. The new guidance requires excess tax benefits and deficiencies to be recognized in the income statement rather than in additional paid-in cap ...
Estimating the Effects of Foreclosure Counseling for Troubled Borrowers Assistant Professor
... different public programs designed to assist distressed homeowners. Counseling may also ...
... different public programs designed to assist distressed homeowners. Counseling may also ...
Sl no - on CDR
... CDR Master Circular – Updated on March 31, 2009 CDR Core Group at its meeting held on April 21, 2009, approved an updated Master Circular incorporating all revised RBI guidelines relating to restructuring under CDR Mechanism as also all policy decisions taken by CDR Core Group till March 31, 2009. A ...
... CDR Master Circular – Updated on March 31, 2009 CDR Core Group at its meeting held on April 21, 2009, approved an updated Master Circular incorporating all revised RBI guidelines relating to restructuring under CDR Mechanism as also all policy decisions taken by CDR Core Group till March 31, 2009. A ...
Default Option Exercise over the Financial Crisis and Beyond
... are robust to these variations. We also test different model specifications, e.g., we include a default burnout term as well as age effects in both the negative equity beta and the baseline to the hazard model. Finally, we estimate the model using annual cohorts to address the concern that a changi ...
... are robust to these variations. We also test different model specifications, e.g., we include a default burnout term as well as age effects in both the negative equity beta and the baseline to the hazard model. Finally, we estimate the model using annual cohorts to address the concern that a changi ...
Thematic Review on mortgage Underwriting and Origination Practices
... losses to the banking, securities, and insurance sectors globally. The UK and US were two of the jurisdictions that were most affected, having experienced a surge in mortgage lending and housing price growth.6 In the process, lenders in those countries had placed greater emphasis on home valuations ...
... losses to the banking, securities, and insurance sectors globally. The UK and US were two of the jurisdictions that were most affected, having experienced a surge in mortgage lending and housing price growth.6 In the process, lenders in those countries had placed greater emphasis on home valuations ...
Bond Prospectus of Limited Liability Company
... Any decision to invest in the Bonds should be based on consideration of the Prospectus as a whole by the Investor. Where a claim relating to the information contained in the Prospectus is brought before a court, the plaintiff Investor might, under the national legislation of the Member States, have ...
... Any decision to invest in the Bonds should be based on consideration of the Prospectus as a whole by the Investor. Where a claim relating to the information contained in the Prospectus is brought before a court, the plaintiff Investor might, under the national legislation of the Member States, have ...
understanding mortgage market behavior: creating good mortgage
... markets. The dramatic increase in mortgage lending – especially in non-prime lending -- has brought with it a diverse array of new mortgage products. This growth has expanded access to credit to consumers who have not traditionally been well served by the mortgage market and has enabled millions of ...
... markets. The dramatic increase in mortgage lending – especially in non-prime lending -- has brought with it a diverse array of new mortgage products. This growth has expanded access to credit to consumers who have not traditionally been well served by the mortgage market and has enabled millions of ...
NBER WORKING PAPER SERIES TO 2007 Patrick Bajari
... If the current market value of the home is less than the outstanding mortgage balance, it is optimal for the borrower to default. In the literature, the option to default is referred to as the put-option component of the mortgage (see Crawford and Rosenblatt, 1995; Deng, Quigley, and van Order, 2000 ...
... If the current market value of the home is less than the outstanding mortgage balance, it is optimal for the borrower to default. In the literature, the option to default is referred to as the put-option component of the mortgage (see Crawford and Rosenblatt, 1995; Deng, Quigley, and van Order, 2000 ...
NELNET INC
... modification provided that certain amounts to be paid under the servicing contract as determined by borrower status changed effective September 1, 2014. Based on the Company’s current portfolio of borrowers, the Company does not expect the initial weighted average revenue earned per unique borrower ...
... modification provided that certain amounts to be paid under the servicing contract as determined by borrower status changed effective September 1, 2014. Based on the Company’s current portfolio of borrowers, the Company does not expect the initial weighted average revenue earned per unique borrower ...
Design of Financial Securities: Empirical Evidence from Private-label RMBS Deals
... an important sub-sample test based on the originator’s affiliation with the sponsors. Prior research suggests that sponsors are more likely to possess private information about the underlying loan pools when they are also the loan originators (e.g., see Keys et al., 2010). Consistent with our asymm ...
... an important sub-sample test based on the originator’s affiliation with the sponsors. Prior research suggests that sponsors are more likely to possess private information about the underlying loan pools when they are also the loan originators (e.g., see Keys et al., 2010). Consistent with our asymm ...
Default Option Exercise over the Financial Crisis and Beyond
... mortgage default allowing for time-varying betas on negative equity. Our estimates show that mortgage borrowers are more sensitive to negative equity in bad economic times. Further, the estimated changes in borrower behavior are economically significant: the negative equity beta in the hazard model ...
... mortgage default allowing for time-varying betas on negative equity. Our estimates show that mortgage borrowers are more sensitive to negative equity in bad economic times. Further, the estimated changes in borrower behavior are economically significant: the negative equity beta in the hazard model ...
The Interplay Between Student Loans and Credit Cards: Implications for Default ∗
... college debt, credit card debt, and income of young borrowers with student loans aged 20-30 as delivered by the SCF 2004 as well as the 2-year CDR on student loans. Our results are consistent with the observed behavior in several ways: First, the incentive to default on student loans increases in c ...
... college debt, credit card debt, and income of young borrowers with student loans aged 20-30 as delivered by the SCF 2004 as well as the 2-year CDR on student loans. Our results are consistent with the observed behavior in several ways: First, the incentive to default on student loans increases in c ...
The pari passu clause in sovereign debt instruments
... ("Pari passu clauses are usually not included in domestic U.S. debt instruments because the general parity of unsecured debt obligations, absent statutory priorities or the exercise of a court's equitable powers of subordination, is well established by law. Indeed, it is so established that the pros ...
... ("Pari passu clauses are usually not included in domestic U.S. debt instruments because the general parity of unsecured debt obligations, absent statutory priorities or the exercise of a court's equitable powers of subordination, is well established by law. Indeed, it is so established that the pros ...
Subprime Lending, Suboptimal Bankruptcy: A Proposal to Amend
... the enormous growth in the subprime mortgage lending market is a relatively recent phenomenon. When the Bankruptcy Code was adopted in 1978, policymakers were not concerned with the impact of mortgage lending on bankruptcy policy. Quite the opposite: in the environment of the late 1970s, in which ho ...
... the enormous growth in the subprime mortgage lending market is a relatively recent phenomenon. When the Bankruptcy Code was adopted in 1978, policymakers were not concerned with the impact of mortgage lending on bankruptcy policy. Quite the opposite: in the environment of the late 1970s, in which ho ...
Payday loan
A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a small, short-term unsecured loan, ""regardless of whether repayment of loans is linked to a borrower's payday."" The loans are also sometimes referred to as ""cash advances,"" though that term can also refer to cash provided against a prearranged line of credit such as a credit card. Payday advance loans rely on the consumer having previous payroll and employment records. Legislation regarding payday loans varies widely between different countries and, within the USA, between different states.To prevent usury (unreasonable and excessive rates of interest), some jurisdictions limit the annual percentage rate (APR) that any lender, including payday lenders, can charge. Some jurisdictions outlaw payday lending entirely, and some have very few restrictions on payday lenders. In the United States, the rates of these loans were formerly restricted in most states by the Uniform Small Loan Laws (USLL), with 36%-40% APR generally the norm.There are many different ways to calculate annual percentage rate of a loan. Depending on which method is used, the rate calculated may differ dramatically. E.g., for a $15 charge on a $100 14-day payday loan, it could be (from the borrower's perspective) anywhere from 391% to 3733%.Although some have noted that these loans appear to carry substantial risk to the lender, it has recently been shown that these loans carry no more long term risk for the lender than other forms of credit. These studies seem to be confirmed by the SEC 10-K filings of at least one lender, who notes a charge-off rate of 3.2%.