Smart Borrower Blog

Archive for September, 2011

Student Default Rate Makes Sharp Rise

Sep 28th, 2011 @ 12:20 PM by Amber Nelson

Student loan borrowers are defaulting at a much higher rate, according to a new study from the Department of Education. This is yet another testament to the bleakness of the job market, as well as falling graduation rates. The Department of Education reported that the rate of default stood at 8.8 percent in 2010, up […]

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Fed Hopes to Lower Interest Rates, But Will It Help?

Sep 21st, 2011 @ 9:02 PM by Amber Nelson

In order to “support a stronger economy” and keep inflation at the right level, the Federal Reserve decided today to purchase bonds with longer maturities, while selling off its shorter-term bonds, in hopes that long-term interest rates will continue to fall. The Federal Open Market Committee announced that it will buy $400 billion worth of […]

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Access to Capital Remains a Problem for Small Businesses

Sep 7th, 2011 @ 1:19 PM by Amber Nelson

In a new survey, small businesses made it clear that getting the loan funding they need is still a major problem in today’s economy. The survey of about 7,502 small businesses with less than $5 million in annual revenues, conducted by Pepperdine University’s Private Capital Markets Project, found that one out of every four owners […]

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Lower Loan Limits for Fannie Mae and Freddie Mac Make it Harder to Buy Homes

Sep 5th, 2011 @ 5:28 AM by Debbie Dragon

On October 1st , Fannie Mae and Freddie Mac will lower the loan limits for home loans they buy from lenders, according to an article on USAToday.com. The consequence of this change is that it may force prospective home buyers to get into a much more expensive loan, and a loan that will be much […]

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