Loans

About year ago, the U.S. Department of Education started accepting applications from public servants to have their student loan balances wiped away. Twenty-eight thousand borrowers applied for forgiveness in the Public Service Loan Forgiveness program; 96 were approved. To qualify, applicants must spend at least 10 years working for government agencies or certain kinds of nonprofits […]

OK, so it's not actually as simple as 1, 2, 3 ...

The Mortgage Bankers Association will release some new data today on how many folks are applying for mortgages in the United States. Numbers have been down consistently for the past couple of months. Click the audio player above to hear the full story.   

Fair housing advocates are concerned about a pending vote in the Senate that would relax banking rules on reporting loan data. Click the audio player above to hear the full story. 

Last year, the Obama administration enacted new rules regarding payday lending. They haven’t yet come into effect. Now, the Consumer Financial Protection Board says it will reconsider the tighter regulation that would have required payday lenders to make sure the people they lend to can actually repay their loans. The rule was bitterly opposed by […]

When you buy 10-year Treasury bonds, you are essentially making a 10-year loan to the government. The returns on those loans are rising every day. There are a couple of reasons for that — and there are a couple of economic messages there as well.  Click the audio player above to hear the full story.