It’s Fed decision day today and another 75-basis point rate hike is expected. Mortgage rates have surged to 14-year highs, deterring both buyers and builders, who have begun making the…
Category: Loans and Mortgage
Students, staff reflect on debt forgiveness
While California holds the largest level of student loan debt, it also has the third lowest average student loan debt, at $21,125. (Amanda Chou | Daily Trojan file photo) Around…
What rising interest rates mean for your credit, loans, saving and more
It is the fifth increase by the US central bank in six months and its third consecutive 75- basis-point hike, which will put upward pressure on other interest rates throughout…
FACT SHEET: President Biden Announces Student Loan Relief for Borrowers Who Need It Most
A three-part plan delivers on President Biden’s promise to cancel $10,000 of student debt for low- to middle-income borrowers President Biden believes that a post-high school education should be a…
Biden’s student loan bailout is proof the higher education system is broken
President Joe Biden’s student loan “relief” plan is an egregious redistribution of wealth. The plan would provide “debt cancellation” (meaning a taxpayer-funded bailout) of up to $10,000 for borrowers making…
What Is a Home Equity Loan and How Does It Work?
Homeownership is one of the largest sources of wealth for Americans. If your home’s value goes up and you pay the mortgage on time, your ownership share increases, turning it…
Bank of America’s race-based lending program will hurt the people
Bank of America CEO Brian Moynihan is defending a new program offering zero-down-payment home loans in black and Hispanic neighborhoods. Don’t worry, he says, about a rerun of the 2008…
VA Loan Inspection Requirements: A Guide
Should You Get A VA Loan Inspection? Since a home inspection may not be required with a VA loan, some borrowers might opt out of getting one because they’ll have…
Federal Trade Commission, California Take Action To Shut Down Mortgage Relief Operation that Preyed on Struggling Homeowners
The Federal Trade Commission and the California Department of Financial Protection and Innovation (DFPI) are taking action against various companies doing business as Home Matters USA, Academy Home Services, Atlantic…