Loan

Chris Paine is a filmmaker whose documentaries include "Who Killed the Electric Car?" ,"Charge" and "Revenge of the Electric Car. " The troubles of electric-car-maker Fisker Automotive have fueled another round of debate about whether plug-ins can live up to their promises. The California start-up, which had already halted production and laid off most of its employees, missed a federal loan payment Monday and told a congressional hearing on Wednesday that bankruptcy may be unavoidable . This is likely the end of the road...

WASHINGTON — The days of fixed-rate student loans could be coming to a close, with House Republicans on Thursday advancing a proposal that would link rates to financial markets. The GOP-led House Education and the Workforce Committee sent to the full House a bill that would offer some students a better deal at first. Democratic critics warned that graduates would face steadily climbing rates and costs over the long haul if the markets change. "Our families deserve better than this bait and...

The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place. President Obama's economic advisers and outside experts say the nation's much-celebrated housing rebound is leaving too many people behind , including young people looking to buy their first homes and...

RICHMOND, Va. — A nonprofit organization is launching a program to provide low- to moderate-income Richmond families loans to assist in the purchase or repair of used cars. The program was announced Wednesday by Presbyterian Homes and Family Alliance. The Ways to Work program also has an office in Lynchburg. The program is aimed at families in need of a reliable vehicle but whose credit rating does not allow them to get a traditional loan, or only one with high interest rates.

Q. When I was married, my wife and I signed a loan to buy a house. We got divorced, but she was awarded the house in the divorce agreement and stayed in the property for a few years after our marriage ended. I had to sign a quit­claim deed, and in the divorce decree, it was stated that she would refinance if possible. Well, the house went into foreclosure and was sold, and now the lender is coming after me for some of the money. Am I still liable for this loan? It has been years since I lived in the...

Escalation clauses are back. Sellers are delighted to get offers sometimes thousands of dollars higher than their initial listing price, but buyers are often frustrated when they lose out on their dream home to a higher bidder. How does escalation work? Let's take this example: Sellers list their three-bedroom house for $450,000. Their real estate agent has done her homework and believes it is a fair price. There is an open house on Sunday, and 20 people show up. Two couples express an interest, and...

Fannie Mae and Freddie Mac have a friend on West 57th Street. That's the New York address of Metacapital Management, the hedge fund founded by Deepak Narula. The much-maligned mortgage aggregators were taken over by the federal government in 2008 and have since absorbed $140 billion in taxpayer bailout money. The head of the House Financial Services Committee wants to abolish them. Yet they still own or guarantee more than half of all U.S. housing loans — and for that reason, the administration of President Obama...

Christopher Shea has written for the Atlantic, the Wall Street Journal, and the Chronicle of Higher Education, where he is a contributing writer. The last batch of this year's college acceptance letters is in the mail, and scary news stories about how much an education will cost are in the air. We've heard tales of liberal arts majors with six-figure debts and entire families condemned to loan payments for decades to come. One Web designer in his early 40s told Consumer Reports last year...

MILAN -- AC Milan CEO Adriano Galliani says it's likely David Beckham will join the club on loan from the Los Angeles Galaxy again in January. "It's very probable that Beckham will come to Milan on loan until June 30, but I don't consider anything done until there's a signature," Galliani said at a meeting in Monaco on Monday, according to the ANSA news agency. Tim Leiweke, the chief executive of Anschutz Entertainment Group, which owns the Galaxy, said last week he wants the deal for Beckham's return...

Sergei Fedorov is being sued by a Michigan bank that says the Washington Capitals center has failed to pay more than $2 million in loans taken out four years ago. According to a lawsuit filed Monday in Macomb County (Mich.) Circuit Court, Fedorov owes Citizens State Bank more than $2.1 million on two separate loans -- one for $1.75 million and another for $500,000. The first loan was made in December 2004, the second in April 2005. Fedorov, who was traded from Columbus to Washington in February, signed a one-year, $4 million...

The editorial " Recalculating student loans " [May 6] would have us take two steps forward on making interest rates more sensible but one step backward on the development of a highly skilled workforce. If The Post and others argue that "certain incentives" (presumably loan forgiveness and more generous repayment terms) are good at the undergraduate level, then they are equally important for graduate education. We know, for example, that the nation will face a pressing demand for workers with education at the master's and doctoral levels...

ANNAPOLIS, Md. — Anne Arundel Economic Development Corp. will reach out to high tech businesses this summer, offering part of a $3.3 million loan program funded by casino revenues. Thirty percent of the funds will be set aside for tech start-ups. In partnership with the agency, the Chesapeake Innovation Center, a county-funded tech business incubator, will approve these loans. Renée Winsky, executive director of the center, said Maryland is a center for producing technology, and...

AMMAN, Jordan — Just six months of learning to mend air conditioners changed Mohammed Nabouti's life. Instead of drifting after high school like many of his jobless friends, the 21-year-old Jordanian works steadily, has taken a small loan to start his own business and recently got engaged. Nabouti's story points to a fix the unemployment-stricken Middle East might try until deeper economic reforms can kick in, experts say -- job training, micro loans and help in setting...

MOORESVILLE, N.C. — AJ Allmendinger will drive in IndyCar's Belle Isle Grand Prix Dual in Detroit. Team Penske confirmed the move Friday. He will drive the No. 2 Quicken Loans Dallara/Chevrolet on the 2.3-mile street circuit. It is IndyCar's first doubleheader weekend, with races on both June 1 and June 2. Allmendinger has spent the past six seasons in NASCAR after spending his early career in Champ Car. Team owner Roger Penske has given the driver a second chance...

BANGKOK — Thailand's celebrity baby panda Lin Ping is almost 4 years old now. It's time to move to China, find a mate and have cubs. The move won't be permanent, however, thanks to a deal hammered out between the two countries that will cost Thailand $1 million a year, the Thai foreign minister said Friday. Once the star of a Thai reality show, the panda's future has been a topic of high-level negotiation for months. Last year, Thai Prime Minister Yingluck Shinawatra asked...

WASHINGTON — The International Monetary Fund said Thursday that Egypt's financial situation is deteriorating and the lending agency won't move ahead with a $4.8 billion loan until receiving updated economic information and reform plans from President Mohammed Morsi's government. Negotiations have dragged on for more than a year for the crucial funding, which is expected to usher in unpopular austerity measures. But by building confidence, the money could open the door...

When Sen. Barack Obama began to bombard Super Tuesday states with television ads late last month, top advisers to Sen. Hillary Rodham Clinton quickly realized they could not afford to match the effort, and first broached with her the notion of dipping into her personal bank account. "The campaign faced a strategic decision -- either attempt to match his TV . . . or lose," said a senior Clinton adviser, who spoke about the internal discussions on the condition of anonymity.

LONDON -- The Los Angeles Galaxy want David Beckham's expected loan to AC Milan to be completed in the next two weeks so the deal doesn't distract from the team's bid for the MLS Cup. The English star has helped the Galaxy make the Major League Soccer playoffs for the first time in four years and the Nov. 22 final is within reach. But he also wants to join a top European club in January leading to the World Cup to help him stay on the England team coached by Fabio Capello. Beckham is eager to return to Milan after a...

WASHINGTON — House Republicans are willing to give President Barack Obama a rare win, the chairman of the Education and Workforce Committee said Thursday in outlining a deal that would let college students avoid a costly hike on their student loans. Rep. John Kline, R-Minn., told The Associated Press that his GOP-led panel would support an idea included in Obama's budget proposal that links the interest rates on student loans to market rates. To calm fears of runaway interest rates,...