By Sarah Szczypinski, CNET In addition to its vast human toll, the pandemic has ravaged the financial resources of millions of US homeowners. Since the Coronavirus Aid, Relief, and Economic Security Act passed last year, more than 9 million Americans hit pause on making monthly mortgage payments, entering what’s technically
By Zack Friedman, Forbes Biden may extend student loan relief beyond September 30, but there’s one major dilemma. Here’s what you need to know. There are two parallel paths for your student loans happening right now. The first — student loan cancellation — is about the possibility of wide-scale student
By Teadra Pugh and Jacquelyn Palmer, Bloomberg Law After the Consolidated Appropriations Act of 2021 (CAA 2021) was signed into law last December, bringing several new and temporary amendments to the Bankruptcy Code, some bankruptcy attorneys were optimistic that the provisions specifically designed to address commercial real estate (CRE) leases
By Pamela Foohey, Dalié Jiménez and Christopher K. Odinet, The Hill Relief programs created during the COVID-19 pandemic provided many Americans with pauses on their largest debts, particularly mortgages and student loans. Other people came to agreements with auto loan and credit card lenders about payment. This relief helped many
By Will Feuer, NY Times Nearly 3.5 million Americans are still on traditional state unemployment benefits even as the number of people seeking new claims dropped last week to a fresh pandemic low, the feds said Thursday. Continuing claims rose by 56,000 from about 3.4 million the week before, according
By Dian Olick, CNBC Record high home price appreciation is sidelining ever more buyers and finally taking the bang out of the pandemic-induced housing boom. Weekly mortgage demand is falling along with it, down 6.9% for the week according to the Mortgage Bankers Association’s seasonally adjusted index. That is the
By Annie Nova, CNBC It’s now been more than a year that borrowers haven’t had to make a payment on their federal student loans. That break is currently scheduled to end in September. However, U.S. Education Secretary Miguel Cardona told the Senate Appropriations Committee this month that he was involved
By Lorie Konish, CNBC Rising consumer costs have helped push the latest estimate for next year’s Social Security cost-of-living adjustment to 5.3%. Whether that will actually be the bump retirees see to their monthly checks in 2022 depends a lot on the economy, including whether the Federal Reserve decides to
By Ayelet Sheffey, Business Insider As one of his first actions as Education Secretary, Miguel Cardona cancelled student debt for about 72,000 borrowers defrauded by for-profit schools. On Wednesday, 18,000 more got student-debt relief. The Education Department announced in a press release that it had approved 18,000 borrower defense to
By Greg Iacurci, CNBC More than 400,000 people are poised to lose unemployment benefits this weekend as eight states withdraw early from pandemic-era programs. Alabama, Idaho, Indiana, Nebraska, New Hampshire, North Dakota, West Virginia and Wyoming are opting out of federal unemployment programs, effective Saturday. They’re among 25 states turning
