| Apr 22, 2014
| 11:32 AM
A new report released Tuesday by the Consumer Financial Protection Bureau is warning borrowers of a catch that is pushing private student loans into default even if the loan is in good standing.
The federal consumer agency said that borrowers complain...
| May 9, 2014
| 7:37 PM
The former owner of a Fort Lauderdale-based consulting company has pleaded guilty to bank fraud, U.S. Attorney Wifredo Ferrer announced.
Henry Fecker III, 60, formerly of Ft. Lauderdale, was the owner of Camden Consulting, Inc., a shell company used...
| May 12, 2014
| 8:38 AM
U.S. Senator Richard Durbin will appear at Loyola University this morning to tout a proposal to allow people with student loans to refinance them to a lower rate.
Congress passed a law last year tying student loan rates to the financial markets and...
| May 9, 2014
| 6:30 PM
As 2014 arrived, experts were confident that the 30-year mortgage rate would rise to at least 5% this year as the Federal Reserve cut back a bond-buying program, which had depressed the rates to unheard-of lows in 2013.
So much for the experts. The...
| May 13, 2014
| 4:30 PM
Student loans are thought of as a young person's problem. In fact, they can be an intergenerational headache. By the time you have paid off your own loans for college or graduate school, you may be faced with the cost of your children's educations. Or you...
| Apr 23, 2014
| 6:47 PM
Even though the recent financial crisis is barely in the rearview mirror, risk is starting to build once again in both the U.S. mortgage and housing markets.
Contrary to the prevailing view that only borrowers with pristine credit records can get a...
| May 16, 2014
| 7:59 PM
Sen. Dick Durbin spoke Friday with students and graduates of North Central College in Naperville as part of his push for legislation that would expand options for repaying student loans and raise the tax rate on millionaires.
"I think this is a big...
| Mar 27, 2014
Letters to the editor from Lake Forest, Libertyville and Highland Park.
This is concerning raising the minimum wage.
An employer looks at a new law and considers what he has to do to comply with it. A raise for his workers of about...
| May 15, 2014
| 7:47 AM
Mortgage rates edged down a hair this week, hovering at the lowest level in six months, with Freddie Mac reporting that lenders were offering 30-year fixed home loans at an average of 4.2% compared to 4.21% a week earlier.
The average rate for a 15-year...
| May 7, 2014
| 8:25 AM
Two developments have put in doubt the future of the successful panda breeding program at the San Diego Zoo.
Six pandas have been born at the zoo under a research agreement with the Chinese government. The pandas remain the property of the Chinese but,...
| May 5, 2014
| 1:37 PM
With the Arctic chill of the polar vortex back where it belongs and mortgage rates still near historic lows, the spring home-buying season has finally arrived.
True or false:
>> In the post-financial crisis, I can't get a mortgage with a credit...