Smart Borrower Blog

Archive for February, 2014

Lenders Look to Student Loan Refinancing Again

Feb 26th, 2014 @ 8:37 PM by Amber Nelson

After several years of shying away from any extra risk, many banks and lenders are now starting to refinance student loan debt again. The Wall Street Journal recently reported that Discover Financial Services said it will begin consolidating private student loans later in 2014 and RBS Citizens Financial Group Inc. has already started refinancing private […]

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Household Debt Increases – Is This Good or Bad?

Feb 19th, 2014 @ 1:27 PM by Amber Nelson

Americans took on $241 billion more in debt during the fourth quarter of 2013, according to a new report from the Federal Reserve Bank of New York, a 2.1 percent from the previous quarter and the largest quarterly jump since the end of 2007. Compared with the year before, debt also rose $180 billion. The […]

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Mortgage Delinquencies Reach 5 Year Low But Still Too High

Feb 12th, 2014 @ 2:09 PM by Amber Nelson

The percentage of Americans behind on their mortgage payments fell to a five-year low during the last quarter of 2013, but the rate remains double what it was before the mortgage meltdown, according to credit data company TransUnion. The rate of mortgages that were delinquent by 60 days or more dropped to 3.85 percent at […]

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Mortgage Applications Remain Low Even As Rates Drop

Feb 5th, 2014 @ 9:54 PM by Amber Nelson

Even after an entire month of falling mortgage interest rates, the number of homebuyers and refinancers has not increased much, according to the Mortgage Bankers Association. The MBA’ s index of mortgage application volume inched up just 0.4 percent during the week ended January 6. A 4 percent drop in home purchase applications was mitigated […]

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