Banks to be asked to notify borrowers of bad credit score
Summary from United States, from articles in English
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p Anew study finds that closing costs on home loans vary widely and that African Americans, Latinos and people in neighborhoods with fewer college graduates tend to pay more. (article 6)
To help with this, two federal agencies have proposed risk-based pricing alert procedures that would cover all lending situations - home mortgages, credit cards, auto loans, among others. (article 10)
Under the formula used to determine the new rate on a consolidated loan, lenders use a weighted average of the interest rates on all your loans and then round it up to the nearest one-eighth of 1 percent. (article 3)
Efforts are under way to make sure that nothing stands between students and these loans in light of turmoil in the financial markets. (article 2)
F inding the money for college during this widening credit crunch just got easier, thanks to emergency legislation signed by the president last week. (article 4)
The funding gap between the average four-year cost of going to a state college and available federal loans is at least $22,000, according to the company. (article 7)
The practice suggests that if the credit crisis and the ensuing turmoil in the student loan business persist, some of the nation's neediest students will be hurt the most. (article 5)
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Other stories about mortgage, Loans and Lenders:
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mortgage, Loans, Lenders, Bank, issue |
Source articles
- Peer-to-peer sites gaining as source of student loans - (baltimoresun.com, 06/03/2008, 550 words)
- How credit crunch will affect loans to students - (baltimoresun.com, 06/03/2008, 559 words)
- Money and Monetary Policy, University of Maryland - (baltimoresun.com, 06/03/2008, 187 words)
- Loans, Loyola College in Maryland, College Park - (baltimoresun.com, 06/03/2008, 176 words)
- Student Loans Start to Bypass 2-Year Colleges (nytimes.com, 06/02/2008, 837 words)
- Closing costs all over the map, study finds (sfgate.com, 06/03/2008, 1092 words)
- GreenNote Offers More Peer-to-Peer Loans To Tackle the College Funding Gap (Washington Post, 06/02/2008, 313 words)
- News for Dallas, Texas (dallasnews.com, 06/03/2008, 758 words)
- What You Need to Know to Get a Mortgage (nytimes.com, 06/01/2008, 771 words)
- Banks to be asked to notify borrowers of bad credit score (sfgate.com, 06/03/2008, 774 words)
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