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Everything ITT students need to know now that the for-profit school has closed
The abrupt closure of ITT Technical Institutes on Tuesday left 35,000 students without degrees that many took on debt to complete. None of the options available to those students are simple and each comes with its own set of drawbacks.
5 points by The Denver Post | Debt School Vocational education High school Higher education Secondary education Vocational school Loan
EDITORIAL: Loan rates
Student loan program goes down
2 points by Las Vegas Review-Journal | Debt Money Student loan Interest rate Loan Interest United States Senate Federal government of the United States
Car loans now top $1 trillion as delinquency rates rise
Americans are borrowing more than ever for new and used vehicles, and 30- and 60-day delinquency rates rose slighty last quarter         
1241 points by Arizona Republic | Debt Personal finance Subprime lending Loan Credit score Automotive industry Automobile Credit
Raid targets millionaire on food stamps
Police are investigating potential theft as well as Medicaid and welfare fraud charges.       
225 points by USA Today | Bank Secrecy Act Banking Bank Cheque Geauga County Ohio Police Net income Loan
US car loan debt hits $1.027 trillion as subprime loans increase
Total debt from car loans has surpassed the $1 trillion mark as loan delinquency rates continue to steadily climb. Some believe the heavy presence of subprime and deep prime loans could be shades of the 2007-10 subprime mortgage crisis. Read Full Article at RT.com
540 points by Russia Today | Debt Loan Personal finance Default
Americans are dying with an average of $62K of debt
You’re probably going to die with some debt to your name. Most people do.         
-1 points by Arizona Republic | Debt Loan Credit Money Death Credit rating 2015 Interest
Judge nixes overseas vacation for Wilmington Trust defendant
DOVER, Del. (AP) - A federal judge overseeing the criminal fraud trial against Wilmington Trust and four former top executives has refused to allow one of the defendants to leave the country. Former controller Kevyn Rakowski sought a change in her pretrial release conditions so she and her husband could ...
-2 points by The Washington Times | Truth Wilmington Delaware Crime Fraud Lawyer Criminal law The Washington Times Loan
Susan Tompor: There are lots of options for quick-cash fixes
Personal loans are being pitched by Goldman Sachs, RocketLoans and others as ways to pay off high-cost credit cards.        
7 points by Detroit Free Press | Credit Loan Debt Unsecured loan Personal finance Credit history Credit score Annual percentage rate
Rising mortgage rates, home prices “a double hit” for prospective Denver homeowners
Relatively small interest rate increases boost mortgage payments by nearly 10 percent and curb millennial's borrowing power.
104 points by The Denver Post | Real estate Mortgage loan Debt Loan Interest rate Money Interest Real estate pricing
Quicken, feds square off in court over home loans
The government alleges Quicken ignored “red flags” in dicey home loans that didn’t meet federal standards        
-2 points by The Detroit News | Loan Debt Federal government of the United States United States Department of Justice Default U.S. state President of the United States Mortgage loan
Quicken, feds to square off in mortgage case
Court filings show Quicken and Justice Department are at impasse, squabbling over evidence        
-2 points by The Detroit News | Debt Loan Federal government of the United States United States Department of Justice Detroit Predatory lending President of the United States Default
Greece says will not accept 'illogical' demands in bailout review
ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras said on Saturday he believed the country's drawn-out bailout review would be completed positively but said Athens would not accept "illogical" demands by its lenders.
-2 points by Reuters | Reuters Thomson Reuters News agency Debt Investment Bond Loan Mutual fund
India requests Vijay Mallya's extradition from Britain
'Formal request' made for extradition of Vijay Mallya to face trial for financial fraud and defaulting on loan payments.
898 points by Al Jazeera English | United Breweries Group Vijay Mallya Kingfisher Airlines Vittal Mallya Debt Loan Federal Bureau of Investigation Vikas Swarup
Stephen Baldwin’s foreclosed home to be sold at auction
The actor's Upper Grandview, New York home will be sold to the highest bidder at a foreclosure auction on March 16.
55 points by New York Post | Money Promissory note Debt Default The Usual Suspects Stephen Baldwin Mortgage Loan
Single women a growing force in the real estate market
Gender, marital status and mortgages don't get a lot of research attention in real estate, but two new reports examine the exceptional role of single women in the home purchase marketplace and the challenges they face in getting a loan. A couple of highlights: • Single women are statistically better...
-1 points by Chicago Tribune | Debt Loan Marriage Mortgage Real estate Mortgage loan Default Visual markers of marital status
30-year mortgage rate jumps up to almost 4%
The average for a 30-year fixed-rate mortgage jumped to 3.94% from 3.57% last week.         
11361 points by Arizona Republic | Mortgage loan Mortgage Interest Loan Federal Reserve System Debt Federal government of the United States Monetary policy
Money 101: Here's everything we know about Trump's student debt plans
The lowdown on how Trump would tackle college debt.       
-2 points by USA Today | Debt Education finance Republican Party Money University Student loan Loan Student debt
Mortgage rates surge, but homebuyers advised to be patient
With mortgage rates surging following the election win of Donald Trump, homebuyers may feel compelled to snap up loans before rates rocket even higher. But housing experts say consumers shouldn't get carried away by the post-election wave.
88 points by The Denver Post | Mortgage Mortgage loan Loan Debt Interest rate Monetary policy Interest Real estate
County Boost Fund awards $1.65 million in small business loans
An East Towson lacrosse equipment and products company is one of the latest Baltimore County small businesses to win funding from the county's Boost Fund, a two-year-old loan program. "We know that small businesses have to be nimble, creative and dedicated to staying competitive," County Executive...
-2 points by Baltimore Sun | Debt Loan Business Baltimore County Maryland Default Interest Mortgage loan Baltimore
OneWest Bank shut out nonwhite borrowers, advocates say
Two California advocacy groups have asked federal housing regulators to investigate Pasadena’s OneWest Bank over allegations that it discriminated against or failed to serve minority communities. The allegations lodged with the U.S. Department of Housing and Urban Development build on a multitude of...
1021 points by Los Angeles Times | Bank regulation Pleading Mortgage loan Loan Bank run Federal Deposit Insurance Corporation Cause of action Debt
Critics say HUD sales of delinquent mortgages are hurting, not helping
The federal government has sold thousands of delinquent Maryland mortgages to private investors through a controversial program that critics argue hurts homeowners and contributes to Baltimore's vacancy problem.Now they're mounting a campaign to try to change the program established by the U.S....
78 points by Baltimore Sun | Foreclosure Loan Debt Mortgage Federal Housing Administration Mortgage loan Default The Wire
Nevada treasurer says real issue with payday loans is ‘who has access and on what terms’
While different groups debate the impact of payday lenders, Nevada is looking at ways to regulate the industry in the Silver State.
38 points by Las Vegas Review-Journal | Payday loan Loan Predatory lending Debt Usury Credit Personal finance Refund anticipation loan
Fair Game: In Wells Fargo’s Bogus Accounts, Echoes of Foreclosure Abuses
The bank’s practice of opening fake accounts and charging customers fees to do so has parallels with its mistreatment of some borrowers after the financial crisis.
2159 points by The New York Times | Judge Mortgage Wells Fargo U.S. state Bank of America Foreclosure Loan Debt
What should ITT Tech students do now? Counseling is offered
Displaced ITT Tech students at five campuses that closed in Michigan can receive one-on-one counseling via new program.        
-1 points by Detroit Free Press | Debt Education finance Loan ITT Technical Institute Student financial aid Columbia University ITT Corporation Financial aid
Sen. Kelly Ayotte: My record of standing up for students
As someone who put myself through law school and paid off student loans, I know what it’s like to plan your finances around your debt and work to pay it off. That’s why I’m so disappointed that outside, third-party special interest groups that are backing Gov. Maggie Hassan are continuing their misl...
10 points by Concord Monitor | Debt Loan Pell Grant Interest Personal finance Default Education Money
New refi program helps small businesses
Those who qualify for the program can receive up to 90 percent financing at a low fixed rate for 20 years.
13 points by Las Vegas Sun | Real estate Loan Debt Bank Commercial property Personal finance Property Bond
Car loans now top $1 trillion
Americans are borrowing more than ever for new and used vehicles, and 30- and 60-day delinquency rates rose slighty last quarter         
1241 points by Arizona Republic | Debt Personal finance Subprime lending Loan Credit score Automotive industry Automobile Credit
There is a ‘free lunch’ with student loans
Letters to the editor
6 points by Las Vegas Review-Journal | Debt United States Money Las Vegas metropolitan area Loan Interest Las Vegas Nevada Student loan
Lending money to family? Make sure to get it in writing
Create a loan document with details like the terms, rates and penalties.        
-1 points by Detroit Free Press | Debt Loan Personal finance Default Bond Predatory lending Interest Family
Owner refinances Merchandise Mart debt in $675 million deal
Merchandise Mart owner Vornado Realty Trust has refinanced debt on the booming office building in a $675 million deal. The five-year, interest-only loan allows Vornado, which will retire a prior $550 million loan, to pocket $124 million in net proceeds after closing costs, according to the New York company. Vornado paid $550 million in cash […]
1 points by Chicago Sun-Times | Merchandise Mart Real estate Vornado Realty Trust Art Deco Chicago Kennedy family Loan Office
Almost a fifth of SBA loans to Illinois businesses hurt by 9/11 have gone bad
After the 2001 terrorist attacks on the World Trade Center, the U.S. government approved low-interest loans to more than 140 Illinois businesses that said the fallout from Sept. 11 took an economic toll on their operations. Many of the "economic injury disaster loans" went to travel-related businesses...
-1 points by Chicago Tribune | September 11 attacks Business Debt Loan World Trade Center Business school Terrorism Default
Mortgage: Reverse mortgages: How do they work?
Reverse mortgages often are considered a last-resort source of income, but they have become a planning tool for cash-strapped homeowners. [...] loans enable seniors age 62 and older to access a portion of their home equity without having to move. Steven Sass, program director at the Center for Retirement Research at Boston College, said a reverse mortgage makes sense for people who: Some people even use a reverse mortgage to eliminate their existing mortgage and improve their monthly cash flow, said Peter Bell, president and CEO of the National Reverse Mortgage Lenders Association. "In some cases, people may have an immediate need to pay off debt, or they may have had some unexpected expenses like a home repair or health care situation," Bell said. Retirees typically use cash to supplement income, pay for health care expenses, pay off debt or finance home improvement jobs. According to the National Reverse Mortgage Lenders Association, several factors determine the amount of funds you are eligible to receive through a reverse mortgage: Retirees with an adjustable-rate mortgage can collect their payments on a reverse mortgage as a lump sum, fixed monthly payment, line of credit or some combination.
21 points by The Houston Chronicle | Mortgage loan Mortgage Reverse mortgage Loan Real estate Money Debt Interest