hit a number v. phr.— «Inserra knows how intense the pressure to inflate values can get. Three years ago, he found himself battling one of his largest clients. The bank’s senior vice president in charge of mortgage lending tried to get Inserra to...
credit n.— «Healthy banks took the money. Who wouldn’t accept what an addled rich uncle was giving away. But banks are in the business of lending. And thus what they really want are what are known in the trade as “good credits”—credit-worthy...
floorplanning n.— «The move is intended to stimulate small business and consumer lending, which has dried up in the wake of the credit crisis. Most dealers finance their inventory—a process called floorplanning—through automakers or banks.» —“Auto...
logbook lending n.— «Increasing numbers of borrowers with bad credit records are resorting to taking out loans with exorbitantly high interest against the value of their cars, according to debt counselling charities. The practice, known as “logbook...
trashout n.— «Professionals in the insurance and lending industry are bracing themselves for all manner of similar situations, as homeowners either trash or simply leave their trash lying around their houses, often taking off without even claiming...
pobber n.— «Police personnel from Ghana and Nairobi are repeatedly accused of collaborating with criminals, often lending or leasing their own arms and clothing, enabling what are often referred to as “pobbers” (police-robbers).» —“Nairobi is most...