• Black Knight: National Mortgage Delinquency Rate Decreased in June

    3 days ago - By Calculated Risk

    Note: At the beginning of the pandemic, the delinquency rate increased sharply. Loans in forbearance are counted as delinquent in this survey, but those loans are not reported as delinquent to the credit bureaus.
    From Black Knight: Black Knight: 1.55 Million Serious Delinquencies Remain; At Current Rate of Reduction, 1 Million Still Likely As September's Wave of Forbearance Expirations Begins
    • The national delinquency rate hit its lowest level since the onset of the pandemic and is now back below its pre-Great Recession average
    • Despite the improvement, there are more than 1.5 million...
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  • Adjunct professors should be eligible for relief from the 'crushing burden' of student debt, Democrats say in new bill

    Adjunct professors should be eligible for relief from the 'crushing burden' of student debt, Democrats say in new bill

    3 days ago - By Business Insider

    Summary List Placement The Public Service Loan Forgiveness program forgives the student debt of public servants after 120 qualifying payments. But while full-time teachers qualify for this relief, adjunct professors don't.
    Four Democrats want to change that.
    On Thursday, Illinois Sens. Dick Durbin and Tammy Duckworth, along with Hawaii Sen. Mazie Hirono and New Jersey Sen. Cory Booker, introduced the Adjunct Faculty Loan Fairness Act, which would make adjunct professors eligible to participate in PSLF.
    Under current law, a public service job is characterized as full-time work, or a minimum...
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  • Investors' Risk Appetite Is At An All-Time High. That Could Be A Problem

    3 days ago - By Forbes

    Due mainly to stimulus measures, the U.S. deficit is expected to hit $3 trillion this year; meanwhile, total assets held by the Federal Reserve are on their way to $9 trillion.
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  • Flagstar Bank mortgage review: Choose from a variety of home loans that are available in all 50 US states

    Flagstar Bank mortgage review: Choose from a variety of home loans that are available in all 50 US states

    3 days ago - By Business Insider

    Table of Contents: Masthead StickySummary List Placement
    Editor's rating 4.25 / 5
    Minimum credit score 620
    Minimum down payment 3%
    Types of mortgages
    Conforming, jumbo, FHA, VA, USDA, HFA , construction, renovation, refinance, home equity loan and HELOC
    See rates from Flagstar Bank
    *Minimum credit score and down payment are for conforming mortgages
    The bottom line: Flagstar Bank is a good mortgage lender for many types of people, because it offers more types of home loans than many lenders.
    Overall lender rating
    Feature
    Insider rating
    Loan types 5
    Affordability 4
    Customer satisfaction...
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  • Wells Fargo is staffing up its restaurant finance team ahead of an expected M&A surge

    Wells Fargo is staffing up its restaurant finance team ahead of an expected M&A surge

    4 days ago - By Business Insider

    Summary List Placement Wells Fargo's depleted restaurant financing team has a new leader.
    Meghan Hinds, a managing director, and 15-year veteran of the bank will take the reins, two months after eight bankers were lured away by MUFG , a spokesperson for the bank confirmed.
    She started at Wells in 2006 and covered debt capital markets for Wells Fargo Securities, before joining the restaurant financing group in 2009. Hinds is currently on maternity leave, but will start the new role in September.
    She will lead funding for restaurants, convenience stores, and hospitality-related real estate...
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  • Mortgage rates hit new all-time low for 15 year loans

    4 days ago - By Inman

    Interest rates for a 15-year mortgage hit new all-time lows amid high sale prices and low inventory. Rates for 30-year loans dipped as well.
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