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Loan

Before Cosigning a Loan, Know the Risks

Jason Alderman | Posted 12.06.2014 | Money
Jason Alderman

First, understand that the main reason you're being asked to cosign a loan is because lenders don't think the borrower is a good risk. By cosigning, you're guaranteeing that you'll repay the full loan -- plus any late fees or collection costs -- should the borrower default.

Filipino Entrepreneurs Share Stories of Typhoon Recovery

Jomay Liu | Posted 08.13.2014 | Impact
Jomay Liu

It's been six months since Typhoon Haiyan, one of the most powerful typhoons ever recorded, tore through the Philippines and displaced 4 million people.

Time for Congress to Smarten Up and Reduce Student Loan Debt

LeeAnn Hall | Posted 08.11.2014 | Politics
LeeAnn Hall

We already knew this debt was harming the economy by undercutting young graduates' ability to buy homes and cars, hampering consumer demand in two key sectors of the economy.

Warning: Groupon May Be Dangerous to Your Wealth

Norman I. Silber | Posted 05.06.2014 | Money
Norman I. Silber

Merchants basically get it -- to many of them, Groupon looks less like an innovative advertising mechanism than a loan broker, arranging bundles of small loans from consumers, and taking a substantial cut... Consumers don't often see this side of the equation.

FHA Is $48 Billion in the Black

Peter G. Miller | Posted 01.23.2014 | Business
Peter G. Miller

The FHA operates as a mortgage insurance program. It promises to cover lender losses if a loan goes bad. Like any insurance program it collects premiums, keeps reserves and pays out claims.

Why FHA Mortgages Are More Stable Than We Think

Peter G. Miller | Posted 07.16.2013 | Politics
Peter G. Miller

For the past year there have been worries that the FHA might require taxpayer money to pay off lender claims for loans gone bad. But now it may be that the economy has turned around and the FHA may well do better than anyone thinks.

Down Payment Debate Flares Again

Peter G. Miller | Posted 07.02.2013 | Business
Peter G. Miller

For months the real estate industry has been complaining about a shortage of homes to sell, an inventory which is too small. Raise down payment requirements and the inventory problem will vanish while home prices will fall. Why? Because there will be fewer buyers in the market looking for homes.

Denied Business Credit? Work on These Five Things

Mary Ellen Biery | Posted 03.17.2013 | Small Business
Mary Ellen Biery

If your company recently applied for business credit and was rejected, it's not alone.

Catherine New

Post-Sandy Borrowers Face Uncertain Credit Help Due To Bank's Murky Policies

HuffingtonPost.com | Catherine New | Posted 11.14.2012 | Money

Karen Sposato is one of the lucky homeowners in Breezy Point, N.Y., a community ravaged by Hurricane Sandy and the devastating fires that followed -- ...

The Worst And Best States To Get A Loan

The Huffington Post | Bonnie Kavoussi | Posted 08.17.2012 | Money

If you recently have had a hard time getting a loan, you're not alone. Since 2007, most banks have become too skittish to lend to people with less-...

Catherine New

5 Reasons Your Friends Won't Pay Back That Money You Lent Them

HuffingtonPost.com | Catherine New | Posted 07.13.2012 | Money

When Gerard Massey covers the bill at a local pizza parlor in Tallahassee, Fla., he tells his friends who owe him money straight-up: Debit or credit o...

Why 'For Sale By Owners' Miss 'The Right Buyer'

Trisha Ocona Francis | Posted 06.10.2012 | Business
Trisha Ocona Francis

In this tough economic market everyone wants to save money, especially home sellers. A home seller may want to consider or even actually venture into ...

Watchdog To Propose New Rules That Could Save Homes

AP | DEREK KRAVITZ | Posted 06.10.2012 | Business

WASHINGTON — The federal government proposed new rules on Tuesday that will give homeowners more ways to avoid foreclosure and get an accurate a...

Catherine New

Where Do You Go When You Need $10,000?

HuffingtonPost.com | Catherine New | Posted 04.05.2012 | Money

Where do you go for a $10,000 loan when you have bad credit? Don't try a storefront lender. Some are closing their doors. Folks with spotty credit his...

Catherine New

More Facebook Friends Could Lead to Better Bank Rates

HuffingtonPost.com | Catherine New | Posted 03.01.2012 | Money

The only thing stopping banks from putting your Facebook page into your credit file is the law. But even that line is growing blurrier. One new ba...

Medicaid: Help in Hard Times

Marian Wright Edelman | Posted 04.25.2012 | Politics
Marian Wright Edelman

Medicaid is vital -- it provides hundreds of millions of children who are poor or have disabilities with comprehensive health coverage enabling them to become productive, taxpaying members of society.

Review: Bonsai People: Celebrating the Work of Muhammad Yunus

John Wellington Ennis | Posted 04.17.2012 | Entertainment
John Wellington Ennis

In a destitute country facing famine, natural disasters, and a beleaguered government, Muhammad Yunus saw an opportunity to help people one by one, and built an organization of others helping poor people help themselves

The 'Most Egregious Manifestation' Of The Mortgage Crisis

Reuters | Posted 03.27.2012 | Business

By Michelle Conlin Jan 25 (Reuters) - In July 2009, Roy and Sheila Bowers refinanced the mortgage on their suburban ranch home in Tope...

Are You Staying Together For the House?

Natalie Pace | Posted 08.29.2011 | Divorce
Natalie Pace

Some couples stay together for love, and others stay together for the kids. But today, with unemployment at 9.1% and real estate prices continuing to...

Are You Draining Your Nest Egg to Stay Afloat on an Underwater Mortgage?

Natalie Pace | Posted 08.27.2011 | Business
Natalie Pace

If you are one of those seriously delinquent homeowners, or one who is draining your nest egg or tapping home equity to make the mortgage payments, is there a way to hang on long enough?

Amanda M. Fairbanks

Newly Graduated And Drowning In Six-Figures Of Student Loan Debt

HuffingtonPost.com | Amanda M. Fairbanks | Posted 06.26.2011 | College

NEW YORK -- Hardly a day goes by where Ashley Angello doesn’t fret about her student loan debt. Angello thinks about it at night, when packing ...

Bankers Win: No Capitol Hill Action on Mortgage Foreclosure Protection for Two Years

Peter G. Miller | Posted 05.25.2011 | Business
Peter G. Miller

Stashed away in a draw somewhere on Capitol Hill is a simple piece of legislation that would have done much to stop the mortgage mess, robo-signing, unfair foreclosures, and the growing claims against lenders.

Foreclosures: Why The New York Times Is Wrong

Peter G. Miller | Posted 05.25.2011 | Media
Peter G. Miller

The latest stumble in the foreclosure mess -- and probably not the last -- has been the revelation that huge numbers of sworn affidavits have been i...

Student Loan Forgiveness: Too Early for 'Waiting for Superman 2'?

Jon Chattman | Posted 05.25.2011 | Education
Jon Chattman

Waiting for 'Superman,' the highly-regarded documentary about the failures of our school system, is heightening national concerns over our education s...

The Real Foreclosure Crisis: Who Owns the Mortgages?

Peter G. Miller | Posted 05.25.2011 | Business
Peter G. Miller

For all the headlines given to foreclosure affidavits and robo-signing virtually no one has mentioned the real point, the idea that the affidavits themselves may not prove loan ownership regardless of how they were signed.