BOISE, Idaho—When the economy nose-dived several years ago, Lou Aaron found it impossible to get a bank loan, forcing him to use six different credit cards to keep his 1950s-style drive-in restaurant running. ... More »The Wall Street Journal - Tue, May 7, 2013 11:02 PM EDT
By Elvina Nawaguna WASHINGTON (Reuters) - Younger Americans are increasingly struggling with the burden of student loan debt, and appear to be retreating from homeownership and car debt, according to a recently released study. Historically the median age of first home purchases has been about 30 years old, and homeownership rates were significantly higher for 30-year-olds with a history of student debt. That's because this population tends to have higher levels of education and higher income. ... More »Reuters - Thu, Apr 18, 2013 12:17 PM EDT
Over the past several years, the 60-year-old president and co-owner of the town's largest employer has bought 193 foreclosed homes. More »CNNMoney.com - Wed, Apr 3, 2013 10:08 AM EDT
PITTSBURGH, March 20, 2013 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced that E. Todd Chamberlain will succeed Saiyid T. Naqvi as chief executive officer of PNC Mortgage. Chamberlain ... More »PR Newswire - Wed, Mar 20, 2013 4:05 PM EDT
Kroll Bond Rating Agency assigns preliminary ratings to eight classes of mortgage pass-through certificates from J.P. Morgan Mortgage Trust 2013-1, a jumbo prime RMBS transa More »Business Wire - Wed, Mar 20, 2013 3:14 PM EDT
Student loan defaults have surged this year, with the U.S. Department of Education reporting 6.8 million federal student loan borrowers failing to make payments. What does that mean for student-loan payers ...