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Silicon Valley investor accused of using false information and failing to pay back borrowed funds
San Jose socialite and investor William “Boots” Del Biaggio III carried out “a complete fraud” against an investment firm that has accused him of scamming it out of $3 million in a bogus loan deal, according to a lawsuit […]

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The world of student loans just became more complicated and expensive for some borrowers, while others are about to get a great deal.
It all depends on whether you’re borrowing now or dealing with loans from the past.
Interest rates on variable-rate student loans will drop sharply on July 1st. That will make […]

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You’re unlikely to get an SBA government-guaranteed loan if you already have too much debt, but there are ways to improve your chances.
My son was in an accident and I borrowed money to pay his medical bills. Before the accident, I hoped to get an SBA loan to expand a construction […]

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Parents and college students can only wonder if the student loan system will flunk out this year in light of the credit crunch.
So far, financial aid directors at major Michigan universities and colleges say Michigan students should be OK. Student loans continue to be out there — somewhere, if no longer […]

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Already burned by bad mortgages on their books, lenders now are feeling rising heat from loans they sold to investors.
Unhappy buyers of subprime mortgages, home-equity loans and other real-estate loans are trying to force banks and mortgage companies to repurchase a growing pile of troubled loans. The pressure is the result […]

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Federally regulated savings and loans set aside a record $7.6 billion to cover losses on problem loans in the first quarter as they felt the brunt of the housing market’s downturn.
The Office of Thrift Supervision said Tuesday that the nation’s 831 thrifts lost $617 million in the quarter, down from a profit […]

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Millions of dollars in bad loans caused by China’s massive earthquake will be written off in an effort to help disaster victims, the nation’s bank regulator said Saturday.
“If borrowers suffered huge losses that cannot be covered by insurance, or if the insurance or guarantees are not enough for the debts, the loans […]

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The Missouri Higher Education Loan Authority board authorized its management yesterday to take advantage of a newly announced federal Department of Education program that would allow the Missouri agency to borrow money from the U.S. Treasury to lend directly to students or to use in purchasing student loans.
MOHELA Executive Director Ray Bayer said […]

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Wells Fargo & Co. has raised the credit requirements for people seeking some types of home loans, the company confirmed Friday.
The San Francisco-based bank will require higher credit scores for potential home buyers seeking loans that cover 95 percent or more of a home’s value. The bank didn’t give further details. […]

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More banks are dropping their federally backed student loan business, citing default rates and subsidy cuts that make it too risky to continue.
Students at for-profit colleges are some of the hardest hit, but financial aid officers say there’s still help out there; it just takes more looking.
“It has been a frustrating couple […]

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