Category Archives: lending

New rules would help underwater homeowners refinance

Posted on October 25, 2011 by Roland Kedikian

Almost 1 million more homeowners over the next two years might be able to refinance their mortgages and save hundreds of dollars a month under the Obama Administration’s latest fix to one of its underused foreclosure prevention programs. The changes … Continue reading →

Posted in interest rates, lending, money, Mortgage, Mortgage Relief | Comments Off

Student Loan Debt To Exceed $1 Trillion This Year

Posted on October 20, 2011 by Roland Kedikian

The $1 trillion of outstanding loans means that Americans now owe more on student loans than on their credit cards. While students have been racking up educational loans, American consumers have been paying down credit cards and home loans. The … Continue reading →

Posted in college, consumer, consumer bankruptcy, lending, money, Student Loans | Comments Off

Mortgage Lending in U.S. to Drop 25%

Posted on October 11, 2011 by Roland Kedikian

Home lending in the U.S. will probably decline 25 percent to $900 billion next year, according to an estimate from the Mortgage Bankers Association. Lower refinancing activity will drive the drop, while loans for home purchases will be little changed … Continue reading →

Posted in budget, consumer, lending, Mortgage, Mortgage Relief | Comments Off