If you ever watch cable TV, chances are you’ve seen reverse mortgage commercials with celebrity spokespeople like Tom Selleck, Robert Wagner and Henry “The Fonz” Winkler. A reverse mortgage is a way to borrow against the value of your primary residence for extra retirement income. “It’s a personal financial management tool that enables homeowners to … Read more
Mortgage interest rates today, June 24, 2024: The average rate for a 30-year term is 7.40%. Every change in rate means savings or costs for homebuyers.
Some Wall Street banks, worried that landlords of vacant and struggling office buildings won’t be able to pay off their mortgages, have begun offloading their portfolios of commercial real estate loans hoping to cut their losses. It’s an early but telling sign of the broader distress brewing in the commercial real estate market, which is … Read more
Seth KlamannThe Denver Post(TNS) A federal judge this week blocked provisions of a new Colorado law that would’ve limited interest rates on certain short-term loans made by out-of-state banks. U.S. District Judge Daniel D. Domenico granted a request by a trio of financial trade organizations to block the implementation of HB23-1229, which passed the legislature … Read more
Editor’s note: On the evening of June 24, a U.S. federal judge in Kansas blocked the SAVE updates from occurring as planned on July 1. This is a developing story. A generous federal student loan repayment plan is about to get even more affordable. On July 1, the Education Department will roll out the last … Read more
Key takeaways You can get a federal student loan with bad credit since these loans don’t require a credit check, with the exception of PLUS Loans. To qualify for a private student loan, you often need good credit, stable income or a co-signer who meets eligibility requirements. Private student loan interest rates are based on … Read more
Washington CNN — Two federal court judges in Kansas and Missouri have paused parts of a student loan repayment plan that the Biden administration launched last year, which lowers borrowers’ monthly payments and provides a faster route to debt forgiveness. Two lawsuits filed by Republican-led states argue that the Biden administration overstepped its authority when … Read more
Bright Dairy says the loan facility is one part of its wider support to see Synlait return to a much stronger financial and operating position. (file image) Photo: 123rf Synlait Milk has set the date for a special meeting of shareholders to approve a $130 million loan from its major shareholder, Bright Dairy. The specialty … Read more
Joe Biden’s student debt relief plan suffered a major hit Monday as two federal judges partially blocked a measure of a plan that is costing the nation $160 billion. Two federal judges in Kansas and Missouri on Monday sided with several Republican-led states and stopped the Democrat from moving forward with a key student debt relief … Read more
The future of President Biden’s new student loan repayment plan is in doubt after a pair of federal judges issued separate injunctions Monday preventing the government from fully implementing and forgiving any more loans through the program while they consider lawsuits to end the policy. The dual rulings leave myriad questions about whether borrowers can … Read more