Loans digger

An influential congressman is expected to offer a plan on Thursday that would provide federal backing to hundreds of thousands of home loans.
The proposal would significantly expand an effort already under way to refinance onerous subprime mortgages with loans that are guaranteed by the Federal Housing Administration. The plan by the congressman, Barney Frank, chairman […]

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The tremors may not have been felt locally yet. But financial experts warn they are coming.
Dramatic changes in the student-loan market could make borrowing more expensive and harder to secure, experts predict.
The subprime mortgage meltdown and the ensuring credit-market crunch, has slowed lending and cooled investor interest in securities, including those backed by student loans. […]

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