'Zombie Debt': Homeowners Face Foreclosure on Old Mortgages
Some homeowners believed their second loans were rolled in with their first mortgage payments or forgiven. Now they're being told the loans weren't dead after all. read more >
Some homeowners believed their second loans were rolled in with their first mortgage payments or forgiven. Now they're being told the loans weren't dead after all. read more >
Farmers assisted by the program have been found by the USDA to be distressed borrowers hard hit by pandemic-induced market disruptions exacerbated by more frequent, more intense, climate-driven natural disasters. read more >
Elaine Parker, president of Job Creators Network Foundation, slammed the program as executive overreach and complained that it does nothing to address the root cause of rising debt: the "outrageous increase in college tuition that outpaces inflation every single year." read more >
Another concern among advisers and consumer advocates, as well as Washington lawmakers and regulators, is the ease with which consumers can layer on these installment loans. read more >
Fulfilling a campaign promise, President Biden is erasing $10,000 in federal student loan debt for those with incomes below $125,000 a year, or households that earn less than $250,000. read more >
The Little Rock-based coffee and tea company said it narrowed its losses and upsized its new credit facility. read more >
It also calls for 88 teaching positions to be cut, or about 37% of the school's instructional staff. read more >
