Smart Borrower Blog

Archive for July, 2018

Proposed Rule Tightens Restrictions on Student Loan Forgiveness

Jul 26th, 2018 @ 8:40 PM by Amber Nelson

Americans with student loan debt may soon have a tougher time getting that debt forgiven in some cases. The U.S. Department of Education has proposed new rules that would place a bigger burden of proof on former students to show that their college misled them about their future employment earnings or opportunities. The Department of […]

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Auto Default Rates Hold Steady in June

Jul 18th, 2018 @ 9:10 PM by Amber Nelson

American car loan borrowers stayed on top of their payments in June at the same rate they did in May, according to data from the S&P Dow Jones Indices and Experian, the first time in six months that the default rate hasn’t changed on a monthly basis. Auto loan defaults made up 0.93% of all […]

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Mortgage Applications Jump as Home-buyers Seize their Opportunity

Jul 11th, 2018 @ 8:52 PM by Amber Nelson

As mortgage interest rates fell and real estate inventory declines slowed, more potential home-buyers applied for home loans this week, according to the Mortgage Bankers Association (MBA). The MBA’s Weekly Mortgage Applications Survey found that home purchase mortgage requests jumped by 7% in the latest week, bring total application volume up for the first time in […]

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Refinance Applications Fall to 20-year Low

Jul 5th, 2018 @ 8:54 AM by Amber Nelson

Even though mortgage interest rates dropped in the latest week, home loan requests also decreased, with refinance applications dropping to one of their lowest readings in 20 years, according to the Mortgage Bankers Association. “Financial market volatility in response to continued worries about trade resulted in both lower mortgage rates and a drop in applications […]

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