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Financial News

Tue, 25 Apr 2017 03:28:46 GMT

WRIC

Petersburg exploring private loans after no bank will loan them money
WRIC
A city spokesperson says that left them unable to borrow money the conventional way, so now they are turning to private investors, at a likely hefty interest rate. “They have solicited banks for various loans and we haven't gotten any approval for ...

Thu, 27 Apr 2017 11:04:19 GMT

Bloomberg

Wells Fargo, JPMorgan Wary of Auto Loans, Pack Them in Bonds
Bloomberg
Depending whose money they're using, Wells Fargo & Co. and JPMorgan Chase & Co. either love subprime car loans or fear them. Both banks have grown more reluctant to make new subprime loans using money from their own balance sheets. Wells Fargo ...

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Mon, 24 Apr 2017 14:04:54 GMT

USA TODAY

Millennial conundrum: Pay student loans, save for retirement or buy a house?
USA TODAY
Ryan suggests weighing the interest accruing on your student loans versus what a diversified investment account would generate. Generally, he said, those holding a student loan with 5% interest or less should direct their money toward investing in the ...

Fri, 21 Apr 2017 15:08:05 GMT

CNNMoney

What Betsy DeVos wants to do to your student loans
CNNMoney
What the agency does next regarding student loans affects 40 million Americans who borrowed money from the government to pay for college. "We haven't heard any concrete plans from the administration," said Megan Coval, the managing director of policy ...

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Wed, 26 Apr 2017 15:57:12 GMT

Bloomberg

EU Eyes Taxpayer Cash to Help Ailing Banks Offload Bad Loans ...
Bloomberg
European Union banks awash in bad debt may be allowed to tap public funds to offset losses when they sell the tainted assets, as policy makers search for ways ...

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Thu, 27 Apr 2017 12:24:40 GMT

ABA Journal

Still no federal loans for Charlotte School of Law students; state AG opens civil investigation
ABA Journal
Despite reported assurances to the contrary, Charlotte School of Law students say they have received no federal loan money for the spring 2017 semester. Meanwhile, the North Carolina attorney general's office is investigating the troubled school under ...

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Wed, 26 Apr 2017 23:19:07 GMT

13WMAZ

Verify: Did Bibb County give money to The Crazy Bull?
13WMAZ
They take out loans to lend money to downtown businesses that they think could help downtown grow. The Macon-Bibb County Urban Development Authority is an independent authority created by the state. They also work to bring business to downtown, and ...
NewTown Macon hopes to help downtown bar with finances41 NBC News
NewTown Macon explains funding for downtown nightclubThe Telegraph

all 5 news articles »
Sat, 22 Apr 2017 22:19:00 GMT

TwinCities.com-Pioneer Press

On the Money: Borrowers must fight for themselves as student loan ...
TwinCities.com-Pioneer Press
Message to people wondering how they are ever going to handle all their student loans: Be tough. Pay up. Don't expect the federal government to play Mr. Nice ...

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Thu, 27 Apr 2017 11:02:41 GMT

Washington Post

Should you use home equity to pay off student loans?
Washington Post
This week, Fannie Mae said lenders who sell loans to the mortgage finance giant can participate in a new program, dubbed the Student Loan Cash-Out Refinance, that helps borrowers pay down education debt. Homeowners with college loans taken on their ...
Student Loan Holders Catch a Home-Buying BreakNerdWallet (blog)

all 44 news articles »
Fri, 21 Apr 2017 15:54:13 GMT

Money Magazine

Students in College Debt Likely Smoking More Weed, Wall Street Analysts Say
Money Magazine
"This shift towards higher student loan debt levels disproportionately affect millennials who are likely more price sensitive," wrote a team of Cowen analysts led by Vivien Azer in a Thursday note. "Supporting our contention that 'Buzz for Your Buck' ...

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