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Archive for the 'loans' Category
I took the Dodd challenge, and the senator won’t like the result. Several days after news broke last month that Sen. Christopher J. Dodd and his wife received significantly reduced interest rates on more than $800,000 in mortgages from Countrywide Financial, Dodd taunted reporters to look at the rates. He claimed he got a deal […]
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The Federal Deposit Insurance Corp, a regulator of U.S. banks, is itself embroiled in a mess related to subprime mortgages, the Wall Street Journal said on Monday, citing court documents.
The U.S. government gave out high-interest, subprime mortgages, according to government documents filed in federal court, the newspaper said.
The Journal said federal officials seized Superior Bank […]
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RNC takes aim at member of VP vetting committee after newspaper report.
A veteran Democratic political insider from Minnesota who is helping Barack Obama vet vice presidential prospects is drawing fire from Republicans who have accused him of receiving special terms on loans.
The accusation follows a weekend story in the Wall Street Journal […]
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Todd Coffman thinks he’s a good credit risk — but because he’s studying at a community college, the banks suddenly seem to think otherwise.
Coffman, 28, is halfway through a two-year X-ray-technology degree at Bellevue Community College. In the past year, he took out about $4,500 in federally subsidized student loans through Citibank.
But […]
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Credit secured against a home on top of a mortgage carries major risks, writes Nic Cicutti.
TIMES are getting harder for hundreds of thousands of homeowners. Personal loans, formerly cheap and easy to obtain, have started to dry up or are suddenly much more expensive. Credit card applications are being rejected. Credit is […]
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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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Wednesday, May 28th, 2008
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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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Wednesday, May 28th, 2008
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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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