A former employee of Salomon Brothers and Goldman Sachs, Sir Michael Hintze has founded CQS Cayman LP in 1999. The fund invests in a wide range of financial securities, including asset-backed securities, loans and equity. Hintze is famous for returning 179% on clients’ capital in the middle of the “Great Recession”, thanks to its bearish bet against the US mortgage […]
Divestment fully in line with ABB’s commitment to continuous portfolio optimization. ABB has divested five businesses with limited synergies in the
New York State prosecutors have indicted three executives for allegedly far exceeding the state's limits on interest rates on short-term loans, through so-called payday loans that are often poorly regulated, reports The New York Times. Show More Summary
States have usury laws to limit illegal lending from loan sharks and organized crime. Some states’ laws limit interest rates on loans so much that payday lending and other predatory financial products are effectively banned. New York...Show More Summary
New York prosecutors brought criminal charges against a dozen payday loan companies and their founder, Carey Vaughn Brown, accusing them of flouting the state’s limits on interest rates on loans.
Is an FHA loan still the best option for home buyers with a low down payment? Down payment is the most important concern for many first time home buyers with moderate incomes and limited savings. Finding a low-down payment mortgage loan...Show More Summary
Some struggling homeowners may soon have a shot at securing a type of mortgage relief that’s been off limits to them for years. The mortgage finance giant Freddie Mac has agreed to sell a chunk of its most troubled loans to an unnamed investor. That investor can now turn around and reduce the size of the […]
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