Personal Finance News - Loans

The publisher of Inside Mortgage Finance, Guy Cecala, has spoken of Bank of America’s move could see them become not as competitive as they once were, as it will have one bidder fewer for its loans.

If you are in the position where your home is now “underwater”, then it can be difficult to decide which course of action to take.

A study released last week by the Center for Responsible Lending has revealed a startling trend in foreclosures, although experts say that the results are far from surprising.

In the current financial climate, bank loans are difficult to secure and as a result, many business owners are starting to use similar tactics to those being used by consumers across the country by putting off non-priority expenses and reducing …

Recent statistics show that one of the easiest ways to become a target for both identity fraud and collection scams is to apply for a bad credit loan over the internet.

Just like other forms of credit, including credit cards, mortgages and car payments, defaulting on your student loan can carry some very serious consequences.

According to a report released by the U.S. Department of Education, the number of individuals who are defaulting on student loans has increased this year.

The increasing amount of mistrust in the mortgage industry has stalled the economic recovery of the housing market in the United States, with a knock on effect which has impacted the entire economy.

As a parent, one of the many expenses you might have is saving for your children’s college education. It is common for such funds to be set up using a regular bank account or through 529 plans.

The most common home loans are about to get smaller in hundreds of counties across the United States, and not just in the more affluent areas.

Wells Fargo and U.S. Bank have recently launched a new type of private student loan. The fixed rate student loans are designed to attract more consumers, but they do have a range of pros and cons which should be considered …

The federal government last month ordered 16 of the country’s major mortgage lenders to repay home owners who were subject to improper foreclosure.

While revolving credit such as credit card debt is still declining, the latest reports from the Federal Reserve show that non revolving credit, which includes unsecured personal loans, is on the increase. A Federal Reserve report published last month showed …

A new study by Consumers Advocates published this week shows that 2011 may well be the last year in which loan companies can issue tax anticipation loans.