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SBA Administrator Isabel Casillas Guzman emphasized the importance of this program, stating, “The SBA’s disaster loan program plays a vital role in helping communities recover by filling market gaps and providing the resources survivors need to rebuild stronger.” With this renewed funding, over 21,000 applicants nationwide, previously awaiting financial assistance, can now move forward with … Read more

Construction lending in the nursing home sector remained “virtually nonexistent” with no activity in the first half of the year among lenders, highlighting a continued lack of momentum in this area. A high cost of borrowing and uncertainties around operational challenges further constrain new development, according to a report recently published by the National Investment … Read more

WASHINGTON — The average rate on a 30-year mortgage in the U.S. rose for the second week in a row to its highest level since mid-July, reflecting a recent jump in the bond yields that lenders use as a guide to price home loans. The rate rose to 6.85% from 6.72% last week, mortgage buyer … Read more

Opting for a home equity loan could help save you money in the new year. Getty Images Interest rates have been falling lately, but they still remain relatively high, at least compared to what they were in 2021 and 2022.  Fortunately, if you’re a homeowner, your home equity can still offer a fairly affordable way … Read more

Brazil aerospace industry receives strong loans to promote manufacturing and exports Thursday, December 26th 2024 – 08:45 UTC Uruguay has ordered six A29 Super Tucano fighters Uruguay has received a small transport aircraft, Brasilia, from Embraer, the big neighbor’s aircraft manufacturer, and also has an order for six A29 Super Tucanos fighters. Brasilia … Read more

Key Takeaways The Federal Reserve expects to cut its influential federal funds rate at a slower pace in the new year than previously anticipated. That could influence all borrowing costs, including car loans, mortgages and other credit types. Some of President-elect Donald Trump’s proposed policies could affect the course of interest rates, depending on how … Read more

People walk past the John Harvard statue in Harvard University , Cambridge, Mass. (AP Photo) Plans Scrapped: Biden administration cancels two major initiatives: The year 2024 has been tumultuous for US student loan borrowers in the, marked by notable shifts and lingering uncertainties. From the end of the long-standing payment pause to rising interest rates, … Read more

A&D Mortgage recently closed a $304 million residential mortgage-backed securitization (RMBS) that pools 872 newly originated loans that the issuer says reflect the evolving needs of market participants. The transaction is split into nine rated tranches and an unrated piece. The ASR database shows the bonds rated AAA through BBB- by S&P Global Ratings pricing … Read more

WASHINGTON, DC – DECEMBER 16: U.S. President Joe Biden speaks at the Department of Labor on December … [+] 16, 2024. The Biden administration announced another wave of student loan forgiveness under the PSLF program on December 20, 2024. (Photo by Kevin Dietsch/Getty Images) Getty Images Approvals for student loan forgiveness under a popular program … Read more

IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Student loan changes for 2025: What borrowers need to know 03:50 UP NEXT Tips for returning unwanted gifts: Deadlines, policies, requirements 03:25 Mega Millions jackpot soars to whopping $1.1 billion 00:21 What are the stores open on Christmas … Read more