- Montana high court upholds award over mortgage foreclosure Updated: May-05-16 3:15 pm
HELENA, Montana - The Montana Supreme Court has upheld $426,000 in damages and attorney's fees awarded to a couple who sued a loan servicing company alleging it violated federal and state laws in repeatedly trying to foreclose on their house.
- Fannie Mae posts $1.1B profit in 1Q; paying $919M dividend Updated: May-05-16 9:35 am
WASHINGTON - Mortgage giant Fannie Mae posted net income of $1.1 billion for the first quarter, down from a year ago as declining interest rates reduced the value of the financial instruments it uses to hedge against rate swings.
- Freddie Mac posts $354M loss in 1Q; no dividend payment Updated: May-03-16 10:11 am
WASHINGTON - Mortgage giant Freddie Mac reported a net loss of $354 million for the first quarter, mostly due to losses it sustained on the investments it uses to hedge against swings in interest rates.
- Average US rate on 30-year mortgage rises to 3.66 percent Updated: Apr-28-16 11:58 am
WASHINGTON - Long-term U.S. mortgage rates rose this week, lifting from their 2016 lows but remaining historically low during the spring home-buying season.
- Gov't launches new website for student loan borrowers Updated: Apr-28-16 12:04 am
WASHINGTON - The Department of Education has launched a new website to help people with student loans find a repayment option that best suits their needs.
- Committee passes watered-down payday loan bill Updated: Apr-27-16 9:38 pm
MONTGOMERY, Alabama - A House committee on Wednesday shelved a bill that would have given borrowers up to six months to repay payday loans, but agreed to send a watered-down version to the House for a full vote.
- US home prices rise at solid pace, even with flat sales Updated: Apr-26-16 9:34 am
WASHINGTON - U.S. home prices continued their steady upward march in February as buyers competed for a limited number of available properties.
- Iowa program offers aid to attract dentists to rural areas Updated: Apr-24-16 6:50 pm
MAQUOKETA, Iowa - A program that offers assistance in paying off student loans is helping draw dentists to small towns in Iowa.
- Last-ditch effort to revive new payday lender loans Updated: Apr-21-16 9:06 pm
PHOENIX - Backers of a proposal allowing payday lenders barred from Arizona following a 2008 voter initiative to offer a new high-interest loan product launched a last-ditch effort Thursday to revive the legislation.
- Indiana awarded $3M in additional Hardest Hit funding Updated: Apr-20-16 11:01 pm
INDIANAPOLIS - Indiana is receiving more federal funding to help homeowners struggling with mortgage payments.
- Michigan getting $188 million more to help fight blight Updated: Apr-20-16 11:42 am
LANSING, Michigan - The federal government is sending about $188 million more to Michigan that can be used to help eliminate blight in the state's communities, officials announced Wednesday.
- Men accused in scheme that targeted Connecticut homeowners Updated: Apr-19-16 4:23 pm
BRIDGEPORT, Connecticut - Two men have been accused in a scheme that targeted distressed homeowners in Connecticut.
- Mississippi House turns back limit on taking campaign cash Updated: Apr-19-16 2:29 pm
JACKSON, Mississippi - With longtime members rebelling against changes, the Mississippi House voted down a bill that would have restricted personal use of campaign money.
- North Dakota tribal school waives tuition for tribal members Updated: Apr-18-16 11:10 am
BISMARCK, North Dakota - A Bismarck community college run by the five American Indian tribes in North Dakota is waiving tuition for members of federally recognized tribes, hoping to boost enrollment and give students a better financial start to life.
- Officials warn of schemes targeting college loan recipients Updated: Apr-18-16 3:55 am
LEXINGTON, Kentucky - Officials are warning Kentucky college students about schemes seeking a large fee and personal information to provide student loan debt relief services.
- Teachers can apply for student loan forgiveness program Updated: Apr-16-16 6:17 pm
BISMARCK, North Dakota - The North Dakota University System is accepting applications for the teacher shortage student loan forgiveness program.
- New steps to help people with disabilities and student loans Updated: Apr-12-16 2:47 pm
WASHINGTON - The Obama administration is taking steps to help people with disabilities get their student loan debt forgiven, safeguarding their Social Security payments.
- Sounding like Sanders, professor challenges Democratic chief Updated: Apr-11-16 8:38 pm
HOLLYWOOD, Florida - When Tim Canova, a law school professor and political activist, pressed his south Florida congresswoman to vote against fast-track trade legislation last summer, he said he got the brush off from her staff.
- US consumer borrowing rises at weak pace again Updated: Apr-07-16 3:10 pm
WASHINGTON - U.S. consumers borrowed at a modest pace in February for the second month in a row, evidence of ongoing caution that has kept a lid on spending this year.
- Student loan debt adjustors to refund illegal fees Updated: Apr-07-16 1:54 pm
SEATTLE - The state Attorney General's Office says several student loan debt adjustors in Washington that overcharged hundreds of students and collected illegal fees will refund the money,
- Why you need to check if your child has a credit report Updated: Apr-06-16 1:37 pm
NEW YORK - They might not be old enough to swipe a credit card or take out a loan, but you still need to keep an eye on your little one's credit.