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Lending
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Spanish:
Temas De La Vida Real
La compra de una vivienda es un camino principal para alcanzar la seguridad financiera y ayuda a que las comunidades permanezcan estables. Esta publicación, disponible en español e inglés en el popular formato de historieta,… -
English:
True Life Stories
Homeownership is a primary path to achieving financial security, and homeownership helps communities remain stable. This publication, available in Spanish and English in the popular "novella" (comic book) style, addresses some of the key mortgage,… -
Press:
The Fed’s Thaw
The Federal Reserve Board’s clout isn’t what it was during Alan Greenspan’s glory days. Back then, the Fed looked and acted all-powerful (even though it wasn’t). Now it’s visibly failing to unfreeze key debt markets… -
Press:
Anti-predatory lending advice in Spanish
Americans for Fairness in Lending (AFFIL) announced today that it has launched a new Spanish-language website [http://www.affil.org/es] to help counter predatory lending practices that target Spanish speakers in America. AFFIL’s… -
Press:
Senate committee passes landmark credit card bill
WASHINGTON – Leaders of national and Connecticut-based consumer organizations today lauded comprehensive legislation passed by the Senate Banking Committee to curb predatory credit card lending practices. The groups praised committee Chairman and bill sponsor Christopher… -
Press:
391 percent payday loan
It seems like just a little loan, a few hundred dollars in advance of payday. But at an interest rate of $15 per $100, that little loan gets big in a hurry. And if another… -
Links:
Americans for Fairness in Lending (AFFIL)
Americans for Fairness in Lending is working to reform the lending industry to protect Americans' financial assets. -
Press:
Borrowers bled dry
State legislatures unknowingly legalized loan sharking when they exempted short-term, “payday” lenders from usury laws that generally capped interest rates at about 36 percent. The lenders, which now charge interest of 400 percent or more,… -
Press:
Reforming the financial system
On Monday, the one-year anniversary of the collapse of Lehman Brothers, President Obama is scheduled to deliver a major speech on the financial crisis. He should take justifiable pride in some of the aggressive steps… -
Press:
Card issuers use tricks and traps in advance of new law
Washington, DC – A Consumer Action and Consumer Federation of America analysis of recent credit card industry practices found that card issuers are using a variety of costly, unfair tactics that will not be eliminated… -
Press:
More homeowners turn to mediation after foreclosure
When Mark Weeks was laid off from his $90,000-a-year construction job 2½ years ago,he vowed to hang onto his family’s house here, where he’d lived with his wife, their three children and two dogs for… -
Press:
Why bankruptcy won’t rid you of student loans
This week’s Your Money column is about the treatment of student loans in the federal bankruptcy code and whether this treatment ought to change. Currently, it’s nearly impossible for people to get rid of student… -
Press:
The new 20-year mortgage
MOST people who took out jumbo mortgages during the financial crisis got hit with high interest rates as lenders and investors recoiled from anything that seemed even remotely risky. Now that market conditions have improved,… -
Press:
Few options exist for erasing student loan debt
Dear Liz: I really screwed up. I decided I wanted to go to a private college and am now saddled with $145,000 in private student loans and $30,000 in federal student loans. I am working… -
Press:
The inflatable mortgage loan pool
Amid the legal battles between investors who lost money in mortgage securities and the investment banks that sold the stuff, one thing seems clear: the investment banks appear to be winning a good many of… -
Press:
Banks can relieve mortgage crisis by giving homeowners a break
At what point do banks finally throw in the towel and accept that they’ve got to reduce people’s mortgages if they want to ease the foreclosure crisis? A record 1 out of every 10 homeowners… -
Press:
Foreclosure alternative gaining favor
Short sales have been the hot solution for financially stressed homeowners and their lenders for the past year, but here’s another potent foreclosure alternative that’s about to take center stage: deeds in lieu. Some of… -
Press:
Over 25% of us have nasty credit scores, but they’re fixable
Whether you’re applying for a job or looking for love, rejection is painful, particularly when you aren’t given a reason for the rebuff. “It’s not you, it’s me” doesn’t count. But soon, when a lender… -
Press:
Microloan is big help for small businesses
Like many small businesses caught in the worst economic crisis since the Great Depression, Tri-State Biodiesel was struggling to find capital last year, in the middle of a credit crunch. The Bronx company, which converts… -
Press:
Borrowing from friends, family? Put terms in writing
“Never again,” says Martha Woods of lending money to family or friends for business ventures. Woods and her husband once invested about $10,000 in an auto racing team with his brother, but her brother-in-law wanted… -
Press:
Flawed foreclosure documents thwart home sales
Amanda Ducksworth was supposed to move in to her new home this week, a three-bedroom steal here in central Florida with a horse farm across the road. Instead, she is camped out with her 7-year-old… -
Press:
Will lending to your child ruin Thanksgiving?
everal years ago, Nathan Deal and his wife invested $2 million to help their daughter and son-in-law open an outdoor sporting goods store. They eventually doubled down by guaranteeing bank debt worth $2 million more.… -
Press:
Adviser to consumer agency had role in lending
A senior adviser to Elizabeth Warren, hired to help start the Consumer Financial Protection Bureau, is an investor in and, until recently, served as a director of a company that helps to arrange low-documentation loans… -
Press:
How to derail financial reform
Ever since the Dodd-Frank financial reform law was signed in July, the question has been whether it would actually lead to a stable financial system. If the Republicans who will control the House next year… -
Press:
Home buyers may get less U.S. backing
The Obama administration is likely to recommend reducing the size of mortgages eligible for government backing, according to current and former officials, a move that could make getting a home loan in high-priced areas such…
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