Smart Borrower Blog

Archive for November, 2014

Auto Loan Debt Hits a Nine-Year High

Nov 26th, 2014 @ 11:16 PM by Amber Nelson

During the third quarter of this year, Americans borrowed more in car loans than they have in the past nine years, according to the latest quarterly Household Debt and Credit Report from the Federal Reserve Bank of New York, marking the 14th consecutive quarter of increases in U.S. auto loan balances. Total car loan originations […]

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Freddie Mac: 2015 Holds a Brighter Future for the Mortgage Market

Nov 19th, 2014 @ 9:04 PM by Amber Nelson

The U.S. housing market will see improvements in home sales and starts in 2015 even as interest rates rise and refinancing falls off a cliff, according to mortgage finance giant Freddie Mac. Freddie Mac’s chief economist Frank Nothaft wrote in an “Executive Perspectives” forecast that he foresees a rosier picture for the housing and mortgage […]

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One in Four College Students Expects to Have Loans Forgiven

Nov 12th, 2014 @ 9:50 PM by Amber Nelson

Nearly a quarter (24 percent) of all U.S. college students believe their student loan debt will eventually be forgiven, according to a new survey from Junior Achievement and PwC US. The “Millennials & College Planning”  findings did not reveal why student expect to have loans forgiven, but with the aid of government programs, it may […]

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Small Business Lending Hits Seven-and-a-Half Year High

Nov 5th, 2014 @ 8:22 PM by Amber Nelson

September saw small U.S. businesses increase their borrowing to the highest level since before the financial crash, according to the Thomson Reuters/PayNet Small Business Lending Index , and a separate report says lenders expect to make even more such loans in 2015. The Index rose to a reading of 125.4, up 6 percent from 118.5 […]

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