Page 12 - Loan Process News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Garner. today the united states and cuba will open embassies later this month. today the obama administration has clamped down on a practice in college education that has often turned into a big scam. in the laugh four years, for profit enrollment has explode in the growth and it has been akin to taking the predatory lending mod and he will turning it into a predatory education model. you go recruit people to enroll in your for profit college. you walk them through the loan process. you get the federal government to loan them the money which is immediately paid to you. then you the for profit ...

To adhere to two new rules going back to the basics. the first is the ability to repay. basically, that means that people that are wanting to get a mortgage have to prove they have enough income as well as assets to pay off the amount of the loan. so, if you are getting a loan for $156,000, you have to prove you can pay that off. the second one is the qualified mortgages rule. that means your debt to income ratio has to be below 43% before they give you that money. there are instances where they may lend that money if you have a higher debt to income ratio. you have to prove you have the asset...

>> maybe you're not sure if you're going to pay yourself or not. >> i guess that's -- >> it's another way of making solar look like a really viable option, that it's really healthy. it is not. the solar industry wouldn't exist without taxpayer subsidies. >> i would love to see the application for that loan process. did it say with a little flow chart i'll eventually sell it to myself and make profit for myself therefore paying you back. >> no. if you could see the loan application, i guarantee it's a stack of papers yea big that requires a dozen lawyers to fill it out and get it in. >> we'll w...

Rates. the terms of the loan. and the federal government can decide whether to forgive the loan. so, does the president have the power to make the students happy by saying all your loans are forgiven? yes, he does. >>neil: there is the issue of who is stuck with the bill. >>judge napolitano: yes, the taxpayers. >>neil: assuming he does an end run around congress, can that be reversed? do you have to go to the courts? >>judge napolitano: it can only be reversed when he is relayed and then you have the issue, well, i signed a contract with the federal government so that is thought going to be re...

[ inaudible ] they are filing bankruptcy next week. >> sean: despite e-mails that clearly indicate that white house officials were engaged in the loan process, press secretary carney had this to is say today. >> there is standard operating procedure for the white house to get some involved in a loan by the department of energy? >> there's no evidence that the white house was involved in the loan this is the white house involved, because they weren't. the white house was involved in trying to find out when a decision would be made. so they could make -- the staph could make a decision about the...