Student Loans

WASHINGTON, April 2 /PRNewswire/ -- Freddie Mac's (NYSE: FRE) automated underwriting service, Loan Prospector(SM), is reducing the costs and hassles of mortgage financing and is helping lenders extend credit to homebuyers who may have been rejected in the past. Approximately 100,000 homebuyers Publication: PR Newswire... Tagged as: washington, prnewswire, freddie, automated, underwriting, service, prospector, reducing, hassles, mortgage, financing, helping, lenders, extend, credit, homebuyers... Read Full Story

Equipped with laptops, mobile loan officers preapprove mortgages on the spot. They can keep track of prospects, referral sources, and rate changes, and conduct more business in less time. Someone gets a new job, relocates, and needs a house in his new home town, ASAP. Another person wants to buy a Publication: American... Tagged as: equipped, laptops, mobile, officers, preapprove, mortgages, prospects, referral, sources, conduct, business, relocates, person, publication, american Read Full Story

Byline: Lisa Pemberton Butler; Special to The Seattle Times Jeff Larson recently decided to cash in on a 12-year-old government promise and use a Veterans Affairs loan to purchase his first home. All of the conditions seemed ideal: Home values and mortgage-interest rates had plummeted, there was a Publication: The Seattle Times (Seattle,... Tagged as: byline, pemberton, butler, special, seattle, larson, decided, government, promise, veterans, affairs, purchase, conditions, mortgage, interest... Read Full Story

First Marblehead Corp., which packages students loans for sale to investors, said on Thursday that a bank subsidiary that it's considering selling has completed the sale of its remaining portfolio of private education loans. Union Federal Savings Bank sold the loans to a newly formed trust affiliated with Boston-based First Marblehead. The company said the bank no longer carries any private education loans on its balance sheet. The loans had an aggregate carrying value of about $6.6 million... Read Full Story

A student loan company has been sending me invoices for a few months now. The problem is that the person they are referring to has the same name as I do with the exception of the middle name. His middle initial is “L”, but I don’t have a middle name. They called me a while back and I told them the problem. When asked if my SS# was such and such, I said no. They then asked me if I attended the University of Oregon, I think it was. I said no and gave them the name of the college I attended... Read Full Story

October 29, 2009 -- Buried within the federal government's new report on student loans is a statistic causing concern for some community colleges: Loan defaults in..... Tagged as: october, buried, federal, government, report, student, statistic, causing, concern, community, colleges, defaults Read Full Story

Universities are helping to bail out students who have had loans delayed. Tens of thousands of students across the country are still waiting for their first maintenance payments as the Student Loans Company struggles to cope with demand.... Tagged as: universities, helping, students, delayed, thousands, country, waiting, maintenance, payments, student, company, struggles, demand Read Full Story

November 3, 2009 -- iiBIG presents the 2009 Student LoansFinancing Update, scheduled for December 8, 2009 at the Hilton Times Squarein New York City.This one-day..... Tagged as: november, presents, student, loansfinancing, update, scheduled, december, hilton, squarein Read Full Story

November 2, 2009 -- LINCOLN, Neb. (AP) -- The president of one of the nation's largest student loan companies said it will survive even if the government ends..... Tagged as: november, lincoln, president, nation, largest, student, companies, survive, government Read Full Story

General Motors reported a loss Monday of 1.15 billion dollars since emerging from bankruptcy, but said improving market conditions would allow the automaker to repay state aid ahead of schedule. The troubled automaker that needed massive government aid to avert collapse earlier this year said it is making progress toward reviving its fortunes, although it may suffer more losses in the coming months. "The business has performed better than we had expected going into bankruptcy," chief... Read Full Story