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Loan Modification

: Mortgage Lender Implode-o-Meter

Socialization of Credit: Video with James Grant; Federal Guarantees for Small Auto Dealer Floorplan Loans; Government Partnerships

By Implode-Explode Heavy Industries

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"he federal government is keeping up its effort to stimulate the economy, while the economy is keeping up its resistance to those efforts. The latest effort to prod spending comes in a bill that, among other things, increases the federal guarantee for small dealer floorplan loans from the Small Business Administration from $2 million to $5 million. Part of the bill would also reinstate fee waivers that ran out in May, meaning loan applicants could save more than $50,000 in fess alone on a $2 million loan."

Full post as published by Mortgage Lender Implode-o-Meter on October 01, 2010 (boomark / email).

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