UK borrowers increase demand for loans despite rate hikes
LONDON (Reuters) – Net borrowing by British consumers was the highest in nearly seven years in November and lenders approved the most mortgages since June, according to Bank of England data that…
Biden Admin Begins Wiping Away Billions Of Student Debt For Thousands Of Borrowers
Biden Admin Begins Wiping Away Billions Of Student Debt For Thousands Of Borrowers Reagan Reese on August 14, 2023 The Biden administration is beginning to discharge $39 billion of student debt for…
Asia’s private credit markets thrive as desperate borrowers find lenders
By Rae Wee SINGAPORE (Reuters) – When global commercial real estate services firm JLL found public debt and loan markets were averse to funding a property project in Arizona, it turned to…
Biden Admin Plans To Wipe $39 Billion In Student Debt For Thousands Of Borrowers After SCOTUS Smack Down
Biden Admin Plans To Wipe $39 Billion In Student Debt For Thousands Of Borrowers After SCOTUS Smack Down Reagan Reese on July 14, 2023 The Department of Education (DOE) announced Friday that…
Junk-rated borrowers’ interest bill hits 13-year high- S&P
By Naomi Rovnick LONDON (Reuters) – Debt interest rates paid by the world’s riskiest corporate borrowers have reached the highest since 2010, at 6.1% on average, S&P Global Ratings said in a…
ECB zeroes in on struggling borrowers and forex as times get tougher
FRANKFURT (Reuters) – The European Central Bank on Wednesday told banks to step up how they manage struggling borrowers and their own currency trading in an environment of higher interest rates and…
Biden’s Student Loan Pause Benefited The Richest Borrowers, Expert Says
Biden’s Student Loan Pause Benefited The Richest Borrowers, Expert Says Alexa Schwerha on April 13, 2023 The long-lasting extension of student loan repayment freeze is benefiting wealthier borrowers, according to University of…
Most Swedish mortgage borrowers have good buffers despite rising rates, FSA report says
STOCKHOLM (Reuters) -Swedish mortgage rates more than doubled for new mortgage borrowers in 2022 versus the previous year, but the majority of households still have good economic buffers, a report by the…
European borrowers start year with record 170 billion euro debt sale spree
By Yoruk Bahceli (Reuters) – European debt sales have had their fastest start to the year on record as governments and financial institutions take advantage of borrowing costs falling from multi-year highs.…
Millions Of Student Loan Borrowers Got Emails Mistakenly Saying Their Forgiveness Applications Were Approved
Millions Of Student Loan Borrowers Got Emails Mistakenly Saying Their Forgiveness Applications Were Approved Bronson Winslow on December 14, 2022 The Department of Education’s (DOE) Federal Student Aid program emailed about 9…
Greek banks to subsidise interest rate rises for vulnerable borrowers
ATHENS (Reuters) – Greek banks will subsidise part of the recent interest rate increases for vulnerable mortgage borrowers, officials said on Wednesday. About 30,000 vulnerable households that are servicing their mortgage loans…
A tale of two borrowers: investors punish Britain but spare Germany
By Yoruk Bahceli (Reuters) – Investors have dumped UK assets after the British government announced plans for a huge rise in borrowing to fund tax cuts, but Germany has not suffered the…
Justice Department Announces Actions to Resolve Lending Discrimination Claims Against Evolve Bank & Trust Settlement Provides $1.3 Million to Compensate Affected Borrowers
Memphis, TN – The Justice Department today announced it has secured an agreement to resolve allegations that Evolve Bank & Trust, which is headquartered in Memphis, engaged in lending discrimination on the basis of…
Analysis-As interest rates jump, Canadian borrowers turn to credit unions for mortgages
By Nichola Saminather TORONTO (Reuters) – In a country where the Big Six banks control 80% mortgage market share, Canada’s smaller lenders are making some rare headway after the Bank of Canada’s…
Bank of Canada rate hikes to sting many home equity borrowers
By Nichola Saminather TORONTO – Canadians whose use of home equity lines of credit (HELOC) has climbed recently following a surge in real estate values during the pandemic could be hit by…
Beset by uncertainties, Spanish borrowers lock in home loan rates
By Jesús Aguado MADRID – Spanish homeowners, fearing a return to the turmoil that nearly bankrupted their country a decade ago, are rushing to shield themselves from rising prices and runaway borrowing…
ECB tells banks to cut lending to indebted borrowers after binge
FRANKFURT – The European Central Bank has told banks to cut lending to the most indebted borrowers, which could poke a hole in their balance sheets if the economy turns south or…
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