41.   The company sells these loans outright, while many competitors package these loans in securities and retain a piece of the interest payments.

42.   The frequent flier program also applies to refinancing some loans and will continue even if the lender sells the loan to another company.

43.   The Nihon Keizai newspaper reported in May that Bank of Tokyo-Mitsubishi also sold bad loans to an overseas investor for repackaging as securities.

44.   The plan announced Thursday calls for bad loans to be sold for what they can fetch.

45.   The Mortgage Corp. will let them sell loans and keep on lending.

46.   The plan includes writing off bad loans and selling good loans to Krung Thai Bank Public Co., a major Thai commercial bank.

47.   The partnerships would advance funds to PinnFund, but only until the loan was sold to one of the financial securities companies.

48.   The sales are part of a plan to shift to selling consumer loans through a centralized lending operations instead of relying on branches, which are expensive to operate.

49.   They also mean lower mortgage rates for Americans, as the popularity of the securities makes it easier for lenders to sell their loans.

50.   They point out further that because many loans are sold off today, banks have fewer loans on their books that could cause problems.