Archive of category "Foreclosure Expert"
Mortgage lenders Fannie Mae and Freddie Mac are in the process of being phased out by the Obama administration with an end result that could mean higher costs and more limited home loan availability for consumers. The administration unveiled a proposal on Friday with three phase-out options that all call for a scaled-back role for the government. Phase-Out [...]
Mortgage interest rates jumped up this week, according to the Mortgage Bankers Association , and as a result home loan applications took a dive, a sign that the housing market is not reviving on pace with the rest of the economy. The MBA reported that the average rate on a 30-year fixed rate mortgage broke [...]
For-profit colleges received another poor review for their student loan practices in a recent study from the National Consumer Law Center’s Student Loan Borrower Assistance Project. The report titled “Piling It On: The Growth of Proprietary School Loans and the Consequences for Students” dings for-profit schools for creating private student loans with high fees and [...]
The recovering auto industry is getting some relief in the way of low interest rates for car loans. Interest rates for car loans are currently near record lows which just may boost car sales and help to stimulate the much needed auto industry. According to bankrate.com, the latest weekly survey sent out to major banks [...]
You hear and read it everywhere: “If you want to save money, look at the little things. They add up! Consider how much you’re spending on that latte!” Sure, your mid-morning trips to the coffee shop add up. If you’re spending $3-4 on a specialty coffee drink every work day, you’re probably spending $650-900 each [...]
The $30 billion small business stimulus fund promised by President Obama in early 2010 is finally about to be unleashed for use by the nation’s smaller banks. According to a BusinessWeek.com article, banks have made an impressive showing in terms of applications for the new program. Small Business Lending Fund program director Jason Tepperman said [...]