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Loans

Lower mortgage fee will help some buyers with Fannie and Freddie loans

by Samantha Fields
Apr 25, 2023
The Federal Housing Finance Agency will lower the loan-level price adjustment fee for people with smaller down payments.
The number of new home sales was up almost 10% in March, according to the U.S. Census Bureau and Department of Housing and Urban Development.
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Banks in Turmoil

Banks are borrowing less from the Federal Reserve

by Nancy Marshall-Genzer
Apr 14, 2023
That's good news, but banks are still borrowing a lot more from the Fed than they typically do.
New central bank data shows that banks borrowed about $9 billion less from the Fed in the week ending April 12, according to Krishna Guha, vice chair of Evercore ISI.
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Banks in Turmoil

Why we're paying extra attention to senior loan officers right now

by Kai Ryssdal and Andie Corban
Apr 11, 2023
The recent banking turmoil could further tighten credit conditions and slow down the economy.
Kent Belasco of Marquette University believes the recent bank failures are isolated, but "it does have an impact on the banking industry as a whole."
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Businesses and consumers are borrowing more, despite rising interest rates

by Justin Ho
Mar 1, 2023
Total loan balances rose from last quarter and year over year, according to the FDIC. There are good reasons to borrow now.
Some consumers are opting to use home equity loans to pay off credit card debt.
Damien Meyer/AFP via Getty Images
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Want to start a business? It helps to have rich parents

by Janet Nguyen
Jan 18, 2023
How heavily are the odds stacked against startups without the “massive leg up” of family wealth?
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"It's a Wonderful Life"

A short history building and loan associations

by The Econ Extra Credit Team
Dec 9, 2022
Econ Extra Credit newsletter #129
The first loan made by a building and loan association in the U.S. was granted to Comly Rich, a lamplighter and combmaker, in 1831. He received $375 to purchase this home at 4276 Orchard St. in what is now Philadelphia.
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Why banks are setting aside cash to cover bad loans

by Justin Ho
Oct 18, 2022
When the economy starts looking scary, bank executives have to make a judgment call about their outstanding loans.
Banks are setting aside extra money in case of a recession, which could lead to loan defaults. Think of it like hoarding acorns for winter.
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"Buy now, pay later" can come with a cost, federal consumer watchdog says

by Savannah Peters
Sep 19, 2022
The CFPB says delinquencies and late fees add up and recommends tighter regulation of loans in line with the credit card industry.
Buy now, pay later services can be risky for consumers, who aren't always well-informed of the penalties for missed payments.
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Why buy now, pay later might not be such a good idea

by Amy Scott and Andie Corban
Sep 12, 2022
These short-term credit companies are running into questions about their customers' ability to pay them back. Regulators are paying more attention.
"You buy more stuff when you're doing buy now, pay later because it feels like you're spending less money," says Vox reporter Emily Stewart.
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Why is college so expensive to begin with?

by Stephanie Hughes
Aug 24, 2022
In the past fifty years, tuition at both public and private schools has more than tripled, even after accounting for inflation.
Biden recently announced a student loan forgiveness plan, which will forgive up to a certain amount of loans for people who make under $125,000.
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