According to a TransUnion study, more than half of student loans are in deferred status where the loan payment has been temporarily delayed. Original post on forbes.com Comments on reddit.com
Karma is a bitch. Just ask Glenn Hubbard. A few months ago, the Dean of Columbia’s business school was a leading economic advisor to Mitt Romney and Original post on rollingstone.com Comments on reddit.com
Escalating delinquency rates make student loans look like the new subprime. Original post on alternet.org Comments on reddit.com
A group of campaigners linked to the Occupy Wall Street movement has raised enough cash to write-off $5m in Original post on telegraph.co.uk Comments on reddit.com
If animal breeders in Wenzhou, Zhejiang province, are finding it difficult to prove they can pay back a loan, they now can use pigs and cows as collateral. Original post on chinadaily.com.cn Comments on reddit.com
Bank of America Corp. (BAC) was sued by the U.S. attorney in Manhattan for allegedly engaging in a scheme to defraud Fannie Mae and Freddie Mac. Original post on businessweek.com Comments on reddit.com
(NEW YORK) — The top federal prosecutor in Manhattan sued Bank of America for more than $1 billion on Wednesday for mortgage fraud against Fannie Mae and Freddie Mac during the years around the financial crisis. U.S. Original post on time.com Comments on reddit.com
President Barack Obama touted his administration’s support for the federal Pell Grant program and other aid for college students. Original post on cnn.com Comments on reddit.com
Spain’s banks need an injection of 59.3bn euros ($76.3bn; £47.3bn) to survive a serious downturn, an independent audit calculates. Original post on bbc.co.uk Comments on reddit.com
Mortgage interest rates are at their lowest point since records have been kept. Last week, some 81 percent of the loans made were refinancings, according to the Mortgage Bankers Association. Original post on csmonitor.com Comments on reddit.com
Students who take out loans aren’t receiving special favors. They’re making a financial transaction like any other Original post on salon.com Comments on reddit.com
(Reuters) – Sany Heavy Industry Co Ltd <600031.SS>, a major heavy machinery maker controlled by one of China’s richest men, is asking its lenders to waive a financial covenant on $510 million of Original post on reuters.com Comments on reddit.com
Bank of America Corp hasn’t completed any first-mortgage modifications that reduce loan balances for borrowers so far under a $25 billion settlement reached this year, the official monitoring the agreement said Wednesday.
Service lets students raise money online* Initially available at 5 colleges, universitiesBy Alexei OreskovicSAN FRANCISCO, Aug 8 (Reuters) – Four months after leavingGoogle Inc, the former head of Original post on reuters.com Comments on reddit.com
The Education Department and the Consumer Financial Protection Bureau released a report that showed borrowers had taken on loans that they could not pay. Original post on nytimes.com Comments on reddit.com
The bank will pay at least $175 million to settle charges that outside brokers discriminated against black and Hispanic borrowers during the housing boom. Original post on nytimes.com Comments on reddit.com
Wells Fargo has agreed to pay $175 million to settle allegations that it discriminated against minority borrowers, the Department of Justice announced Thursday. Original post on cnn.com Comments on reddit.com
Wall Street got everything it wanted. What did we get? Original post on upworthy.com Comments on reddit.com
Countrywide Financial bought influence on Capitol Hill by issuing hundreds of VIP loans for policymakers and other government employees, according to a government report. Original post on cnn.com Comments on reddit.com
Suicide is the dark side of the student lending crisis and, despite all the media attention to the issue of student loans, it has been severely under-reported. Original post on alternet.org Comments on digg.com
The World Bank cancels its $1.2bn credit to build Bangladesh’s largest bridge, citing corruption concerns. Original post on bbc.co.uk Comments on reddit.com
Suze Orman is a badass. Never thought I’d type that sentence. Original post on upworthy.com Comments on reddit.com
A huge blow to a hedge fund billionaire Original post on forbes.com Comments on reddit.com
The biggest U.S. banks are extending less credit amid a faltering economic recovery as regional lenders step in to fill the gap. Original post on bloomberg.com Comments on reddit.com
Warren accuses Washington of not doing enough to help the middle class, echoing a common theme in her campaign. Original post on masslive.com Comments on reddit.com
If we don’t speak out, we’re part of the problem – Progressive blogging for the middle class, not corporate welfare. Original post on freakoutnation.com Comments on digg.com
ADA, OHIO – Kelsey Griffith graduates on Sunday from Ohio Northern University Original post on tribune.com Comments on reddit.com
Sen. Mitch McConnell: the face of the filibuster. (Jim Young/Reuters) Senate Republicans voted unanimously to block the Democratic bill to extend a lowered interest rate on student loans, 52-45,… Original post on dailykos.com Comments on digg.com