Loan Facts
Housing

Fannie Mae posts $5.1 billion profit in Q2

Fannie Mae announced a net income of $5.1 billion in the second quarter of 2012. It is the Federally-run mortgage buyer’s second consecutive quarterly gain since government intervention, following the Great Recession. The posting leaves little doubt that the U.S. housing industry is gaining ground. Fannie Mae quarterly gain $2.2 billion Wednesday, Fannie Mae announced
student debt

For-profit schools fail to meet federal aid rule

The Department of Education has placed for-profit educational institutions on warning. Too many students from these institutions are finding it hard to pay off their student loans, says the federal agency. If the situation does not reverse, those schools could lose access to federal student aid. The gainful employment rule The U.S. Education Department said
Jimmy Fallon

Obama schools young on student loan hike – Pt. 2

It seems like Democrat and Republican politicians never see eye-to-eye on anything. But this week, President Obama and Mitt Romney both agreed that the rate for Stafford student loans should not go up. But Congress may still not be buying it, at the expense of the nation’s young people. Romney gets heat from conservatives Mitt
Home underwater

Short sales on the rise in aggressive mortgage market

Homes in foreclosure, or approaching foreclosure, made up nearly one-fourth of all U.S. residential home sales in the final quarter of 2011, according to a new report by RealtyTrac. Lenders have been approving more short sales and cutting their losses. Up for quarter, down for year In the third quarter of 2011, only 20 percent
Obama pride

Obama schools young on student loan hike – Pt. 1

President Obama is currently traveling the nation, appealing to college crowds about an impending student loan rate hike. Ironically, Mitt Romney is saying pretty much the same thing on the issue. President appeals to college students President Obama made his pitch on college campuses in Boulder, Colo., and Chapel Hill, N.C., earlier this week. He
Mortgage rates

Mortgage rates are rising, says Freddie Mac

According to a weekly report from Freddie Mac, the rates on 30-year fixed mortgages went up, breaking a spell of record lows that has lasted for 13 weeks. Mortgage rates tick up slightly Freddie Mac, Uncle Sam’s mortgage buyer, reported Thursday that the average rate for a 30-year fixed mortgage rose from last week’s 3.49
The IRS logo.

Refund anticipation loans are down, but not out

Tax refund loans, aka refund anticipation loans (RAL), are short-term loans granted to the taxpayer by a third-party lender based upon one’s expected federal tax refund amount. Once the consumer receives the actual tax refund, the necessary portion of it is automatically siphoned off to repay the RAL lender, including heavy loan origination fees. These

Payday loans can be received in short order without a fax machine

Sometimes payday doesn’t come soon enough When you have to have immediate funds, it really is quite normal to depend on internet payday loans. A negative credit rating will by no means stand in the way of you and the cash you so desperately need. Web based programs for payday loans offer enormous advantages, given
mortgage

New CFPB rules target mortgage service providers

The Consumer Financial Protection Bureau has proposed new rules for mortgage service providers. The new CFPB rules attempt to provide more transparency for borrowers. CFPB rules seek transparency According to the CFPB, the new rules demand more transparency from companies that collect mortgage payments and handle foreclosure procedures. Richard Cordray, director of the CFPB, said:
3 Installment Lending Reasons

Installment Loans | 3 Reasons to Get a Short Term Loan

Introduction to installment loans Installment loans are short-term loans that you can get automatically deposited in your account in just a couple of hours. You’ll start paying back your installment loan when you get your next paycheck, but you don’t have to pay back the full amount all at once. Installment loans allow you to
Yo-yo

Yo-yo financing leaves buyer vulnerable

“Spot delivery” or “yo-yo financing” is when an auto dealer allows a buyer with poor credit to take possession of a vehicle before finalizing the finances. While it may be enormously gratifying for the  consumer to drive away in a new car immediately, it also allows disreputable dealers to stick him or her with higher
Business woman lying down next to a laptop smiling.

Installment loans for bad credit made simple

When you are pressed for time and faced with a need for emergency money (or even just a helping hand), then installment loans for bad credit may be the answer. Installment loans for bad credit can be deposited into your bank account in as little as two hours and can be paid back over time. This means
Close-up of a woman seated on a park bench. She's holding a small sign that reads “No.”

How to cancel your student loan and avoid interest

All aboard for the next U.S. financial crisis! Student loan debt is being called the next great bubble, and experts claim the continued rising cost of higher education will set that bubble to burst as borrowers who cannot keep up with payments lapse into default. For those who receive student loans but wish to leap
Mother playing in the snow

Holiday Cash Loans | Stay financially in shape this season

Christmastime is quickly approaching, and you’re here for a very good reason: You need help with your holiday needs. Fortunately, finding the best holiday cash loans is easy, especially with match-making lending sites like Personal Money Market. In just a few short minutes, you can get back on your way to celebrating the holidays like
A statue of the Greek titan Atlas, whose charge was to bear the weight of the world on his shoulders. Similarly, when one makes an accusation against another as Richard Eskow does against payday loans, the burden of proof can be just too difficult to shoulder.

Richard Eskow and the burden of proof re. payday loans (Pt. 1)

Richard Eskow, a private-sector consultant who works for corporations and organizations that include the World Bank, is rather miffed about what Lawrence Meyers had to say regarding Eskow’s anti-payday loans argument. While Meyers is something less than professional in the manner in which he addresses Eskow (referring to him as a “simple child”), the exchange does
Woman in a white suit using a computer while writing in a notepad.

What is a Cash Advance?

HELP! There’s a stack of bills sitting on the kitchen table beside you. You normally put together a ship-shape budget, but this time, you had to fix your car. Looking for answers, you stare at the calendar. Payday won’t come fast enough, so you need to find another option quickly. For speed, discretion and convenience,
Installment loans

Installment loans

Don’t wait. The last thing you want is to wait for the money that you need, if you have an emergency. There really are such things as personal installment loans that you can get on the same day that you apply. Even with bad credit, installment loans are easy to get and easy to pay