Jose Aguilar’s lifelong dream of getting a degree almost fell by the wayside his sophomore year at the University of Illinois Chicago, when he lost access to federal student loans and grants. His father had not filed his taxes, which messed up Aguilar’s financial aid eligibility. “I’ve always wanted to go to college, because it’s
ORANGE COUNTY, Fla. – Federal mortgage giants are helping corporate investors acquire mobile home communities across Florida, leading to dramatic lot rent increases, a News 6 investigation revealed. Florida leads the nation with 235 private equity-owned mobile home parks containing nearly 56,000 lots, according to data from the Private Equity Stakeholder Project, a nonprofit research
RBI’s updated gold loan regulations are set to transform lending practices, with S&P Global Ratings noting that agile lenders stand to benefit. Key changes include stricter LTV calculations and mandatory cash flow-based appraisals, posing operational and compliance challenges for NBFCs Published Date – 19 June 2025, 07:12 PM New Delhi: The RBI’s
While interest on loans continues to fluctuate due to the ongoing geopolitical issues, fixed equated monthly instalment (EMI) personal loans have become a go-to option for several borrowers in the country. Fixed EMI loans are provided by leading financial institutions such as HDFC Bank, ICICI Bank, IDFC First Bank, Kotak Mahindra Bank among others. These
For years, Emmy McManus had struggled to pay off the student loans she took out to become a nurse. The Wynnewood resident has worked for 30 years at Lankenau Medical Center in her hometown and earned her nursing degree 17 years ago. In the years after she graduated nursing school, both of her parents became
SALT LAKE CITY — If you are a homeowner, you may be sitting on a nest egg, money that can be accessed for any reason your personal situation warrants. Intercontinental Exchange, Inc. recently released its mortgage monitor report, and it shows the average homeowner has $207,000 in tappable equity. If you are in a situation
Gen Z veterans and service members led all age demographics in the growth of borrower activity — including a 459% increase in VA refinance loans. Gen Z also claims a 12% share of the VA purchase market, triple their share from just three years ago. For comparison, Gen Z buyers comprised only 3% of the
Critics say “payday lenders” have been preying on the poor by charging annualized percentage rates of 260 percent for the small-dollar, short-term loans, rather than remaining under a cap of 36 percent that applies to other lenders. Supporters contend that the storefronts provide a valuable service to those short of cash, charging 10 percent transaction
Wisconsin farmers and producers across the Midwest had more debt and less capital to start the year, increasing the stakes for the 2025 crop. The Federal Reserve Bank of Chicago, which covers southern and eastern Wisconsin along with states like Illinois and Iowa, and the Federal Reserve Bank of Minneapolis, which represents western and northern Wisconsin in
Highlights: Foreign loan defaulters now barred from local borrowing Central bank’s CIB to include foreign loan defaults Move aims to curb external credit risk, defaults Experts praise decision as “good step.” Currency depreciation makes foreign loan repayment harder Committee prioritizes restructuring due to dollar crisis Private companies that default on foreign loans will now appear