affordable housing requirements imposed by the Community Reinvestment Act and/or imposed on the government-created housing finance giants Fannie Mae and Freddie Mac, resulting in lending to
uncreditworthy borrowers
In addition, Administration underwriting standards will likely cause many parents to be
uncreditworthy or ineligible for loans that they would take out for their children.
Other measures include offsetting delayed dues with payments made to the company or individual by the state -- where applicable, immediate payment of court orders up to e1/4500, civil servants who owe the state should have the amount deducted from their salary, drafting a general policy of collecting dues, banning companies who owe money from taking part in public contracts and creating a registry of
uncreditworthy company directors and shareholders who would be banned from setting up a new company for five years.
Unbanked and
uncreditworthy only a sliver of users?
In both the United States and Europe, greedy, poorly supervised banks made loans to
uncreditworthy consumers.
According to von Thadden (2004), this is consequence of a dynamic process where creditworthy clients stay with their main relationship lender while
uncreditworthy clients switch to multiple lenders.
Hence loans were made to
uncreditworthy borrowers, and then packaged up into complex securities.
some cases clearly
uncreditworthy borrowers not only received loans from
Yet the Community Reinvestment Act (CRA) pressures banks to make loans to such
uncreditworthy customers as a condition of doing business.
Pimps and prostitutes get attention, but the serious side of ACORN is what it contributed to the financial crisis by bullying banks into giving mortgages to
uncreditworthy applicants and the corruption the group has fostered with dubious voter-registration drives.
Second, highly liquid banks imprudently funneled cheap credit to
uncreditworthy borrowers: the fiscally challenged and inflation-prone countries of Latin America and Africa ha the 1970s, the ninja (those with no income, no jobs, no assets) subprime mortgagees of the current crisis.
1 million in combined volume effects (the displacement effect to Brazilian producers and exporters of
uncreditworthy U.
