| 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...
| 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...
| 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...
| Apr 20, 2014
| 4:10 AM
Bernard Madoff's investor fraud took the Ponzi scheme to a new level, but it wasn't so long ago that Connecticut had its own infamous fraud case tied to some of Hartford's most well-known real estate: Colonial Realty Co.
And in the two decades since...
| 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 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...
| Apr 25, 2014
| 5:39 PM
Fewer home sales and rising interest rates have led to the nation's lowest level of mortgage lending in 14 years.
Just $235 billion in home loans were started in the first three months of the year, the lowest figure recorded in a quarter since 2000,...
| Apr 27, 2014
| 2:30 AM
Here's a riddle for all you trigonometry fans: What do you call it when a student asks dad or grandma to help them take out a college loan to study advanced math?
Getting someone to co-sign so you can study cosines.
Trust me: Somewhere, a university...