REDWOOD SHORES, Calif., June 1, 2020 Â Personal Capital, a remote-first, industry-leading registered investment advisor and digital wealth manager, today launched a new product feature and the first free tool of its kind, the Recession Simulator.
Some 15 million Americans are in' financial hardship' programs that allow them to defer or temporarily skip credit- card payments as of April. The financial effects of the coronavirus pandemic may get a lot worse 120 days after the national emergency is officially over. The $2.2 trillion coronavirus stimulus package, known as the CARES Act, recognizes the financial difficulties many Americans are facing, requiring lenders who enter into an agreement with borrowers to delay...
It isn't surprising that college debt is a hot-button issue in the U.S.: Americans collectively hold more than $1.5 trillion in federal student loans, making it the second-largest category of consumer debt, behind only mortgage debt. Among the approximately 43 million student-loan borrowers in the U.S., almost 60% owe $20,000 or less, while about 25% owe $40,000 or more, according to Education Department data. Borrowers who graduated with bachelor's degrees in 2018 left school...
SAN MATEO, Calif. "Upstart's AI models have significantly outperformed traditional FICO-based models before and during the COVID-19 crisis," said Dave Girouard, co-founder and CEO of Upstart, "By leveraging AI, banks can improve and help derisk their lending activities during even the most rapidly changing economic environments."
People will have an easier time refinancing loans backed by Fannie Mae (FNMA) and Freddie Mac (FMCC) following being in forbearance based on new rules regulators are putting in place. The Federal Housing Finance Agency is making it easier to refinance your mortgage after being in forbearance. Fannie Mae (FNMA) and Freddie Mac (FMCC) have issued temporary guidance stipulating that borrowers will be eligible to refinance or buy a new home if they are in a forbearance agreement, but are also current on their...
A new TransUnion (TRU) report found that serious delinquency rates were mostly stable between April 2019 and April 2020 and all delinquencies have dropped between March and April 2020.
By Meera Jagannathan, MarketWatch, Leslie Albrecht, Elisabeth Buchwald and Jacob Passy. Some traditional financial advice doesn't apply in these unprecedented times. The coronavirus pandemic isn't over yet, but it's already cost a record number of Americans their jobs, with more than 35 million people filing for unemployment benefits since the pandemic took hold in the U.S.
BROOKLYN, N.Y., May 13, 2020 Defying pricing standards operative throughout the commercial real estate finance sector for decades, two of the top brokers at Eastern Union -- one of the country's largest commercial real estate finance firms -- will lead a new, multi-family financing unit that charges a quarter-point fee for refinancing multifamily properties backed by Fannie Mae or Freddie Mac, ...
Western Union Co (WU), the world's largest money transfer firm, expects the second quarter to be its weakest in 2020 in terms of revenue and profit margins and is confident of improvement as COVID-19-related lockdowns ease, its chief financial officer said on Tuesday. The firm generated revenue of $1.2 billion in the first quarter, a fall of 11% compared with the prior-year period, on a reported basis.
ATLANTA, May 4, 2020 As a leading data, analytics, and technology company, Equifax (EFX) and its affiliates support thousands of customers and millions of consumers across 27 countries. Equifax Response Packages:Â Equifax (EFX) is helping customers respond to the impact of the COVID-19 crisis with new Equifax Response packages.
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