Merchant Funding

Nearly 40 percent of U.S. homeowners refinancing in the second quarter chose shorter loans, the Federal Home Loan Mortgage Corp. said Monday. Freddie Mac said 37 percent of those people off 30-year loans in a refinancing deal in the quarter chose a 15- or 20-year loan. It was the highest portion of borrowers choosing shorter [...]

Joseph Stiglitz argues that markets in which information is less than perfect can work better with government intervention. You continually emphasize the information problem faced by borrowers in the home loan markets. Hence, if you agree with Stiglitz, you should be a strong interventionist, yet most of what you write is critical of government intervention. [...]

Negative equity–what you have when you owe more on your home loan than the property is worth–is one of the defining features of the still-unfolding mortgage crisis. It’s a particularly nasty problem because it can lead to all sorts of unpleasant outcomes for the real estate market and the economy as a whole. Having negative [...]

Loan Term – The length of time the borrower has to repay debt. Long Term Debt – Financing used to purchase or improve assets such as plant, facilities, large equipment and real estate. Maturity – A loan’s maturity is the life of the loan; that is, how long you have to repay the loan. It [...]

Accounts Receivable Financing – A loan gained by borrowing against receivables. Loans are paid down as receivables are collected. Annual Fee – The amount charged by the lender each year to cover the administrative costs of the loan. Business Credit Card – An amount of money, which a business can borrow against at times it [...]

Many say the economy is improving, and experts say once frozen credit markets are beginning to thaw, but some small businesses are still having a tough time getting loans. The owners of Twilight Bistro are hoping to expand, but they said the market for loans is still tight. “They want as much assets as what [...]