Biden administration scales back student loan forgiveness plan as states file lawsuits. CNN Politics

Biden administration scales back student loan forgiveness plan as states file lawsuits. CNN Politics

Washington CNN — The Biden administration on Thursday reduced eligibility for student loan forgiveness plans the same day six Republican-led states sued. President Joe Biden trying to block him Student loan forgiveness plan. from entry into force. Borrowers whose federal student loans are guaranteed by the government but held by private lenders are excluded from … Read more

CFPB supervised inspections detect violations of federal law by student loan servicers and college-owned lenders.Consumer Financial Protection Bureau

The CFPB's 2021 annual report on mortgage market activity reveals the end of the refinancing boom and an increase in home purchase loans.Consumer Financial Protection Bureau

washington dc – Today, the Consumer Financial Protection Bureau (CFPB) directorial highlights Findings from recent research covering the practices of student loan servicers and schools that lend directly to students. Examinations revealed that these schools had an inadequate blanket policy of withholding transcripts to force students to pay. These findings come after the CFPB announced … Read more

Conversely, the Department of Education excludes many from student loan relief

Conversely, the Department of Education excludes many from student loan relief

U.S. Secretary of Education Miguel Cardona was present when President Biden announced the student loan relief plan on Aug. 24. Evan Butch/AP hide caption toggle caption Evan Butch/AP U.S. Secretary of Education Miguel Cardona was present when President Biden announced the student loan relief plan on Aug. 24. Evan Butch/AP In a startling reversal affecting … Read more

CFPB Launches Effort to Bring New Opportunities to Homeowners in Mortgage Market | Consumer Financial Protection Bureau

CFPB Launches Effort to Bring New Opportunities to Homeowners in Mortgage Market | Consumer Financial Protection Bureau

washington dc – The Consumer Financial Protection Bureau (CFPB) is seeking public input on how to promote new mortgage products to help families. The CFPB is seeking insights on how to improve mortgage refinancing for homeowners who benefit from mortgage refinancing, especially for borrowers with low loan balances. The agency is also seeking public input … Read more

Auto insurance premiums are high, but ‘millions’ may still not be enough, experts say

Take at least one risk a day.This CEO says you won't regret it

thanks to inflationyou’re likely paying more for almost everything these days, and auto insurance is no exception.Insurers have cut premiums by an average of 8.3% so far this year, according to data from S&P Global Market Intelligence. is rising and consumer costs are likely to continue to rise. Bankrate analyst says. For insurance companies, higher … Read more

Mortgage demand rises for first time in six weeks despite sharp rise in interest rates

Weekly mortgage demand up 3.8% despite rising interest rates

Mortgage applications last week rose for the first time in six weeks, despite higher interest rates, according to the Mortgage Bankers Association. Sharp changes in interest rates and uncertainty about the overall direction of the housing market may have played a role. Average contractual interest rates for 30-year fixed-rate mortgages rose from 6.01% to 6.25% … Read more

Eligibility for Civil Service Loan Forgiveness has changed temporarily.What this means for the borrower is

Eligibility for Civil Service Loan Forgiveness has changed temporarily.What this means for the borrower is

43 million borrowers take out federal student loans. Some of these borrowers have gone on to careers in civil service, including teachers, firefighters, social workers, and military service. To encourage public service, Congress created the Public Service Loan Forgiveness (PSLF) program. The Department of Education (Education) has made changes to the PSLF to increase the … Read more

The CFPB’s 2021 annual report on mortgage market activity reveals the end of the refinancing boom and an increase in home purchase loans.Consumer Financial Protection Bureau

The CFPB's 2021 annual report on mortgage market activity reveals the end of the refinancing boom and an increase in home purchase loans.Consumer Financial Protection Bureau

washington dc — Today, the Consumer Financial Protection Bureau (CFPB) released its annual report on mortgage lending activity and trends for 2021. Data for this report is submitted by thousands of lending institutions across the country under the Home Loan Disclosure Act (HMDA). The report shows the shift from 2020 refinancing loans to 2021 home … Read more