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Personal loans can help you pay off high-interest credit card debt or finance major expenses, like a home down payment. But if you’re not careful when shopping for a loan, you could end up paying more than you need in loan fees and interest charges. Rocket Loans charges an origination fee, which keeps it off … Read more
This year, after watching Hurricane Helene tear through Asheville, Black Mountain and other towns close to where I call home, I made a commitment to getting my Christmas gifts locally. Not only did I want to support small businesses grappling with reduced tourism and damage from the storm, but I also wanted to take the … Read more
Queens scored three of the top five largest loans in November, another sign that the unpretentious outer borough has ascended the real estate throne. The loans were spread across three different asset classes. Santa Monica-based Macerich reeled in a $525 million refi at its 966,000-square-foot Queens Center mall. It was the REIT’s largest outstanding loan. … Read more
Mynaric AG (NASDAQ:MYNA) has secured an additional USD 5.0 million bridge loan from U.S.-based lenders, supplementing previous loans of USD 95 million and USD 16.5 million from October and November 2024. The new bridge loan, maturing on January 31, 2025, carries interest at Term SOFR (3-month) plus 10% margin. The … Read more
Bonus offer available through Jan. 31, 2025 TYSONS, Va., Dec. 23, 2024 /PRNewswire/ — PenFed Credit Union, the nation’s second-largest federal credit union, is offering a $300 bonusi for financing a PenFed auto loan and setting up recurring payments from a PenFed Checking accountii. The offer period ends Jan. 31, 2025. … Read more
USDA Assistance for Distressed Loans Borrowers | News Dakota (NAFB.com) – The USDA announced the final $300 million in assistance to distressed direct and guaranteed farm loan borrowers under the Inflation Reduction Act. Over the past two years, USDA acted swiftly to assist distressed borrowers in retaining their land and continuing their agricultural … Read more
The CFPB recently issued a final rule increasing the asset exemption threshold for the Truth in Lending Act (TILA) requirement to maintain an escrow account for a higher-priced mortgage loan (HPML). Regulation Z, which implements the TILA, generally requires creditors to maintain an escrow account for the payment of taxes and insurance on a first … Read more
Download this press release (PDF) SACRAMENTO – Today, the California Department of Financial Protection and Innovation (DFPI) announced a consent order with SALT Lending LLC (SALT) to resolve the DFPI’s investigation into SALT’s crypto-backed lending program. As part of the negotiated resolution, the DFPI secured approximately $162,800 in borrower refunds and $137,500 in penalties, as … Read more
Key takeaways The Biden administration forgave over $175 billion in student loan debt for nearly five million borrowers. While Biden canceled more education debt than any other U.S. president, he did not fulfill his campaign promise for sweeping loan forgiveness. Student loan forgiveness is not guaranteed, and there are many assistance resources to help you … Read more
U.S. President Joe Biden delivers remarks during the Tribal Nations Summit at the Department of the Interior in Washington, D.C., U.S., December 9, 2024. Elizabeth Frantz | Reuters The Biden administration has withdrawn two major plans to deliver student loan forgiveness. The proposed regulations would have allowed the U.S. Department of Education secretary to cancel … Read more