By Anneken Tappe, CNN Business New York (CNN Business) – Low interest rates have helped fuel a boom in the US housing market: Last quarter Americans’ mortgage debt climbed to a record high of nearly $10 trillion, the Federal Reserve Bank of New York reported Tuesday. Homebuyers are leveraging the near-constant new lows
By Justine Coleman, The Hill About 300 companies that received up to $500 million in Paycheck Protection Program funding have filed for bankruptcy, The Wall Street Journal reported Tuesday. The Journal analyzed government data and court filings from the biggest borrowers in the PPP program to determine the statistic but
By Jarrell Dillard, MSN Writing off billions of dollars in student debt could help Joe Biden get started on the giant task of shoring up finances for Black households on the wrong side of yawning gaps in wealth and income, according to economists who’ve studied the idea. The policy is
If you are starting to dread checking your email or picking up your mail, it might be that you simply have too much debt. After all, it is easy to overspend, particularly if you have more than one credit card. If you are searching for ways to get rid of
By Paul Kiel and Jeff Ernsthausen, ProPublica Earlier this year, the pandemic swept across the country, killing 100,000 Americans by the spring, shuttering businesses and schools, and forcing people into their homes. It was a great time to be a debt collector. In August, Encore Capital, the largest debt buyer
By Adam S. Minsky, Esq., Forbes President Trump on Tuesday put the brakes on any further stimulus negotiations in a series of Tweets. “Nancy Pelosi is asking for $2.4 Trillion Dollars to bailout poorly run, high crime, Democrat States, money that is in no way related to COVID-19,” the President
By Kery Murakami, Inside Higher Ed The pause on making student loan payments passed by Congress and extended through the end of the year has thus far helped improve the credit ratings of borrowers, according to a study released today by the Urban Institute’s Center on Education Data and Policy.
By Alex Roha, Housing Wire Following previous natural disaster recovery patterns, mortgage delinquencies are not expected to return to pre-pandemic levels until March 2022, according to a report from Black Knight. If trends persist, the data service provider estimates once the first wave of forbearances hit their 12-month expiration in March 2021, there
Description: Typically, no one wants to file for bankruptcy. If you are struggling to meet your financial commitments and the COVID-19 pandemic has made it insurmountable for you, bankruptcy can be the right solution to handle your debts. Listen to Attorney Brian Figeroux explain how bankruptcy can be your financial
By Megan Leonhardt, CNBC Most voters do not believe the U.S. will quickly rebound from the recession caused by the effects of coronavirus pandemic. In fact, about 65% of registered voters expect the U.S. economy to take more than a year to recover. That’s according to a new survey bill pay
