Archive for April, 2010

UT to implement new student loan system

The student loan process will undergo some changes this year following modifications to the way the federal government distributes those loans. Instead of students going to a bank to receive a loan, they will get their loans straight from the federal government.
A southern New Jersey loan modification firm will pay $10 million to settle civil charges of defrauding homeowners who sought help in staving off foreclosure.
Just as the traditional spring home buying season kicks into high gear, Bank of America Home Loans is unveiling an enhanced online home loan guide that will educate consumers about the home buying process by using customized tools on budgeting, affordability and choosing the right kind of loan.
RISMEDIA, April 30, 2010—While there are varying opinions about the current state of the economy, one thing is for certain—continued growth depends heavily on loan availability for every qualified buyer. The National Association of Realtors (NAR) is pushing heavily to…

Gov’t to rate how lenders treat borrowers

The Treasury Department is planning to rate mortgage companies on how they treat customers as part of the Obama administration's $75 billion foreclosure relief effort.