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rebuild.org finance news: latest news

Welcome to our finance news section. Keep up to date with the latest developments in personal finance with our updated news by visiting us or adding our RSS feed.

 

  • Mortgage Lenders on a Roller Coaster Ride
    The mortgage lending picture appears to vary from company to company, according to the latest statistics on home loans. While some lenders are experiencing an impressive start this year, others appear to be falling behind. For instance, Accredited Home Lenders Holding Company experienced a decline in its fundings from about $4 billion in the fourth quarter [...]
    [May 30th, 2007]
  • Housing Market Rebounds in Land of Katrina
    While much of the country is experiencing a housing slump, the real estate news is quite different in areas ravaged by the deadly Hurricane Katrina. That’s because areas where the hurricane hit are now experiencing a housing boom—perhaps the biggest they’ve ever experienced. One county official was quoted as saying, “I think we’re going to see a [...]
    [May 28th, 2007]
  • Controversy Brewing in Housing Market
    The National Association of Realtors has lowered its price growth forecast to 1.2 percent as a result of perceived subprime troubles. Meanwhile, an economist for the group notes that California has a high subprime share while North and South Dakota have a particularly low one. The economist maintains that a number of lenders offered mortgages to [...]
    [May 25th, 2007]
  • Foreclosures Appear to Be on the Rise
    The downturn in the nation’s volatile real estate market appears to be continuing, according to news reports about foreclosure rates. For instance, in New Jersey, more homeowners are failing to make their mortgage payments, based on public records from the first three months of 2007. When homeowners are having difficulty meeting the monthly mortgage, they have three [...]
    [May 22nd, 2007]
  • Interest Rates Remain Steady
    The Federal Reserve has indicated it will not be cutting interest rates in the near future. This, despite the fact there are signals that the U.S. economy is growing at a snail’s pace. The federal funds rate on overnight loans between financial institutions is holding steady at 5.25 percent. That means that the rate has been [...]
    [May 21st, 2007]
  • Spring Cleaning Includes Student Finances
    Now that spring is officially in bloom, students heading to college have a perfect opportunity to do some “spring cleaning” when it comes to their finances. This is particularly important for college freshmen, who must weigh their financial options carefully before beginning classes. What many prospective college students may not know is that, in the year [...]
    [May 14th, 2007]
  • The Latest News on Freeing Yourself from Student Debt
    Now that tax season is officially over, many Americans are taking stock of their finances once again. That includes the nation’s college students, who face particular financial challenges in 2007. Financial experts are offering the following tips this spring for helping students to avoid the pitfalls of excessive student loan debt: Paint yourself a complete [...]
    [May 10th, 2007]
  • Rate Outlook Brightens
    New home buyers have reason to smile this week. Mortgage rates appear to be on the decline, according to HSH Associates, a New Jersey mortgage information firm. HSH Associates reports that the 30-year fixed-rate loan is closing at an average of 6.37 percent. The company tracks more than 2,000 lenders in a given week. Meanwhile, Freddie [...]
    [May 7th, 2007]
  • Lawyers Join the Debate Over Student Loan Industry Practices
    As states such as New York and Illinois and bodies such as Congress and the U.S. Education Department investigate practices by the student loan industry, class action attorneys are also entering the mix—not to anyone’s surprise. For instance, Fauth Law Offices in Oakland, California, is “investigating these questionable student loan practices” according to a notation on [...]
    [May 6th, 2007]
  • Student Loan Xpress Becomes One of the Nation’s Largest Lenders
    Student MarketMeasure, Inc., a student loan information service, has announced that Student Loan Xpress has become the 8th largest federal student lender in the U.S. The ranking comes from statistics compiled by the U.S. Department of Education for fiscal year 2006. Student Loan Xpress, a CIT company, was ranked the 12th largest student lender in America in [...]
    [May 4th, 2007]
  • Universities Opt to Stop Sharing in Student Loan Profits
    A number of universities are signing codes of conduct promising that they will not agree to revenue-sharing with student loan companies. The educational institutions have also pledged not to accept any gifts, meals, or trips from lenders. The Attorney General of Missouri, Jay Nixon, filed an agreement with Washington University in St. Louis County Court. The [...]
    [May 4th, 2007]
  • Lessons in Managing Student Loans
    nfortunately, it’s easy to find yourself mired in student loan debt once you embark on your college career. Because of the high cost of tuition, housing, food, clothing, books, and other supplies, you may be tempted to rely almost exclusively on student loans to finance your education. However, once you graduate from college, you may [...]
    [May 3rd, 2007]
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