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Loans

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Top Loans Articles

Displaying items 12-22
  • Audits: As Amistad Finances Collapsed, State Money Kept Flowing

    Audits: As Amistad Finances Collapsed, State Money Kept Flowing
    When the cash began running out at the nonprofit Amistad America Inc., officials defaulted on bank loans, skimped on bills, borrowed from employees and used state grant money as a temporary loan against other grants, a series of audits released Friday...
  • Home equity line defaults are likely to rise

    Home equity line defaults are likely to rise
    A wave of potential defaults on home equity lines of credit could start arriving in the next few years as Americans face a day of reckoning on their boom-era borrowing. Many homeowners who took out home equity lines, essentially second mortgages, during...
  • Victims of lending scam targeting military win settlement

    WASHINGTON At first glance, the loans advertised by Rome Finance looked like a good deal for service members who wanted to buy new video game consoles, laptops or flat-screen TVs but didn't have the cash. The Concord, Calif., company offered special...
  • Watchdog: Don't wait to cut debt: Front & Center

    Watchdog: Don't wait to cut debt: Front & Center
    There's rough weather ahead for the federal budget and the nation's economy, according to this month's long-term forecast from the nonpartisan Congressional Budget Office. The CBO projects the growing national debt will reduce Americans' incomes, raise...
  • Nearly 20% of home equity loans face higher default risk, report says

    Nearly 20% of home equity loans face higher default risk, report says
    As much as $79 billion in home equity lines of credit are at heightened risk for default in coming years as Americans face a day of reckoning on their boom-era second mortgages, a new study found. Many home owners who took out so-called HELOCs during...
  • Mortgage rates mixed, Freddie Mac says; 30-year fixed averages 4.14%

    Mortgage rates mixed, Freddie Mac says; 30-year fixed averages 4.14%
    Mortgage trends were mixed this week, Freddie Mac's survey of lenders showed, with the average rate for a 30-year fixed loan edging up to 4.14%, from 4.12% a week ago. The average rate for a 15-year fixed mortgage rose from 3.23% to 3.27%, according...
  • Republicans Challenge New Malloy Ad

    Republicans Challenge New Malloy Ad
    HARTFORD — Gov. Dannel P. Malloy's opponents jumped on the governor's newest campaign commercial on Monday for featuring the Newtown tragedy and using a disputed number to describe the state's debt situation. Released on Monday morning, the 30-...
  • Take a retirement annuity or a lump sum?

    Dear Liz: I am 54 and considering retiring in three or four years. I have been fortunate to work at a Fortune 100 company for 30-plus years and have both a defined benefit pension plan and a 401(k). When I retire, we have the option of taking a lump sum...
  • Problem Solver: Mortgage payment goes missing

    Problem Solver: Mortgage payment goes missing
    The first indication there was a problem was when Chris Taggart received an email alert from Bank of America saying his checking account was overdrawn. A day earlier, June 24, the Chicago resident visited a Bank of America branch in Matteson to pay...
  • Debt-to-income ratio can sink mortgage application

    WASHINGTON — For many home buyers, qualifying for a mortgage not only is a tough challenge but one that ends unhappily: They get rejected. The reasons for the turndowns typically involve multiple factors, including below-par credit scores,...
  • Freddie Mac: Mortgage rates level off, 30-year loans average 4.12%

    The cost of getting a mortgage has leveled off, with Freddie Mac saying lenders were offering 30-year fixed-rate home loans this week at an average interest rate of 4.12%. That rate is little changed from the average of 4.15% over the last 10 weeks. The...