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  2. Superannuation in Australia - Wikipedia

    en.wikipedia.org/wiki/Superannuation_in_Australia

    The Superannuation Guarantee (SG) rate, which had been gradually increasing over the years, reached 10.5% in 2022 and is set to continue rising by 0.5% each year until it hits 12% by 2025. [16] This change aims to enhance retirement savings for Australian workers, ensuring better financial security in retirement.

  3. Peer-to-peer lending - Wikipedia

    en.wikipedia.org/wiki/Peer-to-peer_lending

    During the period from 2006 through October 2008 (referred to as 'Prosper 1.0'), Prosper issued 28,936 loans, all of which have since matured. 18,480 of the loans fully paid off and 10,456 loans defaulted, a default rate of 36.1%. $46,671,123 of the $178,560,222 loaned out during this period was written off by investors, a loss rate of 26.1%.

  4. Troubled Asset Relief Program - Wikipedia

    en.wikipedia.org/wiki/Troubled_Asset_Relief_Program

    P-PIP has two primary programs. The Legacy Loans Program will attempt to buy residential loans from bank's balance sheets. The Federal Deposit Insurance Corporation (FDIC) will provide non-recourse loan guarantees for up to 85 percent of the purchase price of legacy loans. Private sector asset managers and the U.S. Treasury will provide the ...

  5. What is conditional approval in a mortgage application? - AOL

    www.aol.com/finance/conditional-approval...

    A normal part of the mortgage application process, conditional approval means the lender will give you a home loan, provided you address certain additional criteria.

  6. LendingClub - Wikipedia

    en.wikipedia.org/wiki/LendingClub

    On the basis of the borrower’s credit score, credit history, desired loan amount and the borrower’s debt-to-income ratio, LendingClub determined whether the borrower was creditworthy and assigned to its approved loans a credit grade that determined the payable interest rate and fees. The standard loan period was three years; a five-year ...

  7. Fannie Mae - Wikipedia

    en.wikipedia.org/wiki/Fannie_Mae

    Unfortunately, Fannie Mae-quality, safe loans in the subprime market did not become the standard, and the lending market moved away from us. Borrowers were offered a range of loans that layered teaser rates, interest-only, negative amortization and payment options and low-documentation requirements on top of floating-rate loans. In early 2005 ...

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