A growing number of people get student loans as they don’t have other means to pay for college fees. While no one can argue that getting a loan is a necessity for many people, it’s also unquestionable that student loan debt can put the future of many people at stake.
No one likes to be under the burden of debts, so people adopt different methods to get rid of them. Some try to find a shortcut and use illegal
Before getting into what a good credit score is, let’s discuss the meaning of credit scores and how they work. A credit score is a number that typically ranges from 300 – 850 and is used by financial institutions to evaluate a credit applicants ability and willingness to pay back the funds they’re requesting to borrow. Credit scores can also reflect how responsible an individual is when applying for a job, how likely they are to pay for
Last week the 30-year-fixed-rate mortgage fell below 4%, displaying a 16 month low for the product. Furthermore, the 15-year-fixed-rate mortgage also registered a fall as it averaged 3.46% from the previous 3.51%.
Interest rates have been following the general market cues similar to the bond market. Important factors influencing the slowdown are general slowing trends globally and speculations regarding the US-China trade war. With dilapidated global growth predictions for the future, investors are finding fixed income assets like bonds
The Security and Exchange Commission and the Department of Justice charged Robert Morgan for purportedly operating a Ponzi scheme that shuffled money from investors and faking loan documents.
Morgan is estimated to have 140 properties across 14 states. On Wednesday, he was charged for criminal activities by the DOJ for bank fraud, insurance fraud, and wire fraud, and the SEC also charged him with civil fraud for misusing and siphoning investor finances.
These charges stem from a cross-agency
In spite of low borrowing costs and average price gains, Americans aren’t looking to take on as many new mortgages.
The Mortgage Bankers Association recorded the drop of mortgage applications to 3.3% from last week, even though mortgage interest rates remain low.
Home purchase applications dropped 1% – which was its 3rd weekly decline, however, they still remained 7% higher than they were a year ago. Also, there was a 6% fall in mortgage refinance applications.
Since January 2018, there