Democratic lawmakers in California may pass legislation this week to make California the first state to allow illegal immigrants to be eligible for up to $150,000 in state-supported home loans. According to Politico, California’s Democratic supermajority is expected to pass the legislation this week, which would make illegal immigrants eligible for the “California Dream for
In a follow up to my advice column from last week, I wanted to share some info from WalletHub regarding auto loan delinquencies. Last week’s advice was about what to do if you can’t afford your car payment. In it, I urged you to do what you can to make your car payments and seek
Dang Thi Han, who works at a spa in southern Vietnam, was short of cash in early June. So she turned to a Facebook group she had heard of — “Shopee SPayLater wallet community.” She found someone willing to transfer cash to her if she used the buy-now-pay-later option on the Shopee e-commerce platform to
BANGKOK (Reuters) – Thailand’s state-owned banks have introduced financial measures including debt suspensions, interest rate reductions and low-interest rate loans to help people affected by flooding, the finance ministry said on Tuesday. In the past week, dozens of provinces, mostly in the north and northeast of the country, were hit by flooding, which has killed
Washington State’s new Covenant Homeownership Program has been in effect for just over a month, offering an advantage of home ownership based purely on race. It is a classic example of the misguided, feel-good policies that perpetuate division rather than solve the problems they claim to address. Indeed, this is nothing more than a racist
The Consumer Financial Protection Bureau (CFPB) rule requiring lenders to gather demographic information about small business borrowers has leapt another legal hurdle. A federal judge rejected a banking industry-backed challenge that argued that the rule’s data collection method was flawed, Reuters reported Monday (Aug. 26). U.S. District Judge Randy Crane in McAllen, Texas, ruled that the challenge
A California bill that would allow undocumented immigrants to qualify for first-time homebuying loans could soon become law. Formally known as AB 1840, the bill would expand eligibility requirements for California’s first-time homebuyer loan program, the California Dream For All Shared Appreciation Program, to allow undocumented immigrants to use it. The bill passed the Senate
Applying for a mortgage (and shopping for the best interest rate) can be a complicated process, whether you’re a first-time homebuyer or a seasoned pro. Your debt-to-income ratio (DTI) is one factor lenders consider when deciding whether to approve you for a mortgage, and what rate to offer you if your application is approved. Put
Crypto-backed loan provider company Arch Lending announced it raised $75 million in funding, including an oversubscribed $5 million equity seed round and a $70 million loan financing facility. This equity round was co-led by Morgan Creek Digital and Castle Island Ventures with participation from Galaxy Ventures, BitGo Ventures, etc. Arch serves individuals and institutions and
While the Biden administration has at least nine plans to forgive student loans, some are much bigger than others. And the two biggest have now run into legal buzzsaws. The Supreme Court (SCOTUS) eventually threw out its first plan in 2022. The second plan introduced a new income-driven repayment plan called SAVE, which, in practice,