A Quick Primer for First Time Payday Advance Loaners »
A lot of people are opting for payday advance loans these days but it is important that one has a clear idea about these loans before applying for one. First of all, one must know what these loans actually are. Payday advance loans are basically very short term loans that are secured by a postdated [...]
Are Payday Loans a Good Thing? »
Payday loans have become very popular with the current state of the economy, and while there are some good points to this type of loan, there are some other things about them that bear consideration. Starting out with the good points, payday loans are convenient and relatively simple to obtain. They’re also ideal for people [...]
Buyers Want Money Back »
The new apartment complex in Queens received a suit filed against it from the individual buyers wanting their money back. The suit states that the buyers were unable to receive loans after the financial meltdown and were not able to make closing. With the developers failing to file any disclosure statements, the buyers feel they [...]
43% Default with For-Profit Schools »
U.S. college graduates are learning a valuable lesson in low defaults. According to a recent report done by the U.S. Education Department, students that graduated from college and started their repayment plans for student loans in late 2007 were 52% more likely to default than students from three years earlier.
Since the onslaught of the financial [...]
Housing Delinquencies Down, Apartments Up »
According to Freddie Mac, the rates for delinquent apartment buildings has risen, while the rates of past due loans on single family homes has somehow managed to fall slightly. Having late home loans of 90 days or greater improve over June and July is a great thing for the economy, but is it enough to [...]
Mortgage Rates Hit All-time Low »
Mortgages are starting to see more refinancing as rates drop lower than they have in 50 years. Although interest rates have been hovering around the 50 year low mark, they have finally dipped into unchartered waters. This last week they went to 4.44%, which is the lowest since 1971, when tracking of interest rates began.
Economists [...]
Homeowners Unlikely to Repay Home Loans »
The last housing boom saw homeowners borrowing trillions of dollars from lenders, and using their own homes as security against these loans. Now with the money depleted, these same borrowers are finding it hard to repay. Some aren’t even willing to.
When it comes to the delinquency rate of loans, home equity loans are ranked at [...]
Student Loan Debt Higher then Credit Card Debt »
The Federal Reserve announced that more Americans owe on student loans, private and federal, than on typical revolving loans such as credit card debt. By some accounts, federal student loans outstanding are close to $606 billion, and for private they are $167.8 billion. These combined are almost $7 billion higher than the revolving credit loans.
While [...]
Wave of Loan Defaults Heading For China »
China’s banks might be heading into a tidal wave of loan defaults soon, as the recent stress tests showed 20% of loans leant to state owned companies are likely to be in trouble. These loans have failed to meet standards and might fall into default.
The total amount of state owned enterprises came out to 7.7 [...]
Mortgage Rates Rising, or Falling? »
Towards the end of the first quarter everyone thought that the mortgage rates would be going higher. They just weren’t sure as to when that might happen. Now it seems that the rates are actually half a percentage point lower than in March and staying close to a record low.
While bankers, brokers, and market analysts [...]
