| Feb 10, 2014
| 8:54 PM
The letter that recently arrived at homes throughout California and other states features a picture of Sylvester Stallone in "Rocky II" training for another shot at greatness.
"As you're making your financial comeback," it says, "we want you to know...
| Jan 25, 2014
| 3:44 PM
When Pauline Honey, then 95, moved back to Virginia so her grandson could help care for her, the bill was more than her family expected. So to tide her over, she took out what she thought was a payday loan.
Honey and her grandson, Randy Morse, thought a...
| May 4, 2014
Student loans: In a Money Talk advice column in the April 27 Business section, financial expert Mark Kantrowitz was incorrectly quoted as saying the repayment year of a questioner's student loans was 2014. The correct repayment year is 2024
| May 5, 2014
| 8:30 AM
It doesn't always pay for young borrowers to add parents, grandparents or other relatives as co-signers to get a lower interest rate on a student loan from a bank.
In some cases, when the co-signer dies or falls into bankruptcy, the action may trigger an...
| May 7, 2014
| 1:44 PM
Consumers increased their borrowing in March by the largest amount in more than a year in a sign of increased economic growth this spring.
Outstanding consumer credit, which includes credit card balances and auto and student loans, jumped $17.5...
| May 9, 2014
| 5:00 AM
The teal blue house on E. 111th Street was surrounded by trash, its parking pad piled with everything from egg cartons to a busted couch. Most of its windows were broken. The door sat ajar.
Inside, chicken bones and cans of Mothers Maid carrots 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 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 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 25, 2014
| 6:10 AM
The mortgage industry's output of new loans is at the lowest point in 14 years, according to estimates from a trade publication.
Inside Mortgage Finance said Thursday that even in the depths of the financial crisis, mortgage lenders were busier than...
| Apr 27, 2014
| 5:00 AM
WASHINGTON — Are you on the home-buying sidelines this spring because you think you won't be able to qualify for a mortgage? Do you know what sort of FICO credit scores are being accepted by lenders at the moment — they're lower than they were...