About the USDA Rural Housing Program (Section 502), including household income limits for 2014. Lookup table by county, plus mortgage rates. Click for the complete post : 2014 USDA Loan Income Limits – USDA Eligibility.
Suzy Khimm summarizes Obama’s executive action on student debt: Obama signed a memorandum on Monday that would allow more Americans to limit their student loan payments at 10 percent of their income. The action will expand on Obama’s “Pay as You Earn” program, which first launched in October 2011, making it available to those who took out student […]
A while back Chrysler loaned me a Dodge Dart Limited with the 2.0 liter Tigershark engine and six-speed automatic transmission for the purpose of writing a review. That’s how it works, they loan you the car, you write the review. A social contract, if you will. In this case, however, though I drove the car for […]
President Obama signed an executive order Monday limiting student debt payments to 10 percent of their income, telling an audience in the East Room of the White House that he and his wife only paid off their law school loans about ten years ago. "This is why I feel so strongly about this," the President said. Show More Summary
President Obama is unveiling a presidential memorandum that will allow students with loans taken out before 2007 to apply for a cut in loan payments by having them limited to ten percent of their annual income, a plan not unlike a ten percent religious tithe. Show More Summary
According to Mark Cuban, the single biggest thing that will help the economy is limiting the size of student loans.
Since the housing market unraveled in 2008, lenders have slashed the interest rates on millions of mortgages belonging to struggling borrowers – but only for a limited time. And for about 2 million of the loans, that time is up, or soon will be. Starting this year, the rates will begin to gradually rise on […]
The public comment period ended this week on the Education Department’s proposed new rules to limit federal aid to colleges and universities whose graduates are particularly debt-saddled or have high rates of student loan default. The rules would hit for-profit institutions hardest. But the industry is fighting back — and it has allies. Last week, 36…
Graduation is upon us. Many of my students are graduating with higher student loan debt than they would have imagined and limited job prospects. A few weeks back when I discussed future plans with several graduating seniors, there was a sense of dismay and a sense that the odds were against them given the poor […]
With the housing market showing signs of slowing, the nation's regulator of Fannie Mae and Freddie Mac said he doesn't want the giant mortgage financing firms to start reducing the federal government's outsized role in helping borrowers get home loans. By keeping Fannie and Freddie on course,...
Regulator overseeing mortgage giants announces policy that could make more loan money available to borrowers
The U.S. regulator overseeing Fannie Mae and Freddie Mac will remove targets for reducing their mortgage-market footprint and keep current limits on the size of loans they buy under a new strategic... To view the full story, click the title link.
By David Merkel: Yield is an illusion, whether it comes from stocks, REITs, preferred stocks, bonds, loans, limited partnerships, etc. Yield from investments is not the same as being a farmer with chickens, where each day you can collect eggs, enjoy or sell them, and your net worth is not affected by harvesting the eggs. Show More Summary
Written by Doug Powers This struck me as funny… From January of 2012: Elizabeth Warren took home more than $700,000 in compensation from teaching and consulting fees from 2010 to 2011 http://t.co/zApEbJf4 — The Boston Globe (@BostonGlobe) January 15, 2012 And this from just a few days ago: $2 trillion in student loan debt? That […]
The U.S. housing finance system is national, but housing markets are local. Local markets often face different housing challenges: today, California's coastal communities face an affordability crisis, while Florida is dealing with foreclosures and Detroit and other Midwestern cities are wrestling with neighborhoods of vacant homes. Show More Summary
You may like living on the coasts, but you pay for it every day. Homes are more expensive, and even if you can afford one it’s harder to get a loan. That’s the message from a new analysis by real-estate firm Trulia Inc. of loan limits -- the maximum loan size that can be sold to mortgage giants Freddie Mac and Fannie Mae -- in the nation’s largest 100 metropolitan areas.
We have been vociferous in our discussion of the looming student loan debt debacle (just as we have been over high frequency trading). With credit creation limited to just student (and auto) loans... in 2013 just student and car loans alone represented 108% (that's right, more than all) of total household debt created. Show More Summary
The number of conditions the International Monetary Fund (IMF) attaches to its loans has grown in recent years, despite promises to limit what critics see as onerous requirements, according to a study released yesterday. ||| Anna Yukhananov...Show More Summary
WASHINGTON (Reuters) - The number of conditions the International Monetary Fund attaches to its loans has grown in recent years, despite promises to limit what critics see as onerous requirements, according to a study released on Wednesday.
Time to do a quick wrap-up of the posts published last week. Here it is. As per a recent report by Credit Information Bureau (India) Limited (CIBIL), it has been revealed that 25% of all loan seekers in India are under-30 years of age. Before 2008, when the economy was growing at a good pace,...