March 15, 2025

consumer debt

Loans

Gen Xer With 6-Figure Salary Can’t Afford a Home, Has $315k in Debt

Shirin Tajani, 46, went back to school in 2011 to get her nursing degree, and she’s been practicing in the field ever since. Tajani moved from Pakistan to the US when she was 10 years old, and her parents wanted her to have the opportunity to benefit from the higher education system in the US.

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Loans

The rich are posting their art for cash loans

(Bloomberg) — A wealthy client at Bank of America Corp. put up his fine-art collection so he could borrow enough to buy a sports franchise. Another posted his cache of 19th century American landscapes to renovate his estate. Such is the burgeoning world of art lending — where pieces are used to secure loans, allowing

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Loans

Housing market outlook: An ultra-popular home loan right now allows a 3.5% down payment

Even in a frozen housing market, some are living out the American dream by purchasing a home, getting a mortgage, and putting just 3.5% down. The only type of mortgage loan that has even ticked up in the past two years are Federal Housing Administration (FHA) loans, according to data released today by consumer credit

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