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Late-payment rates among U.S. borrowers rose again in the second quarter, according to a report from the New York Fed. The trend reflects a sharp increase in student loan delinquencies, which have been climbing as pandemic-era policies have expired.
August 5 -
The student loan giant fell far short of Wall Street's expectations, but its leaders say President Trump's "Big Beautiful Bill" is likely to bring it billions of dollars in new business.
July 25 -
All the notes have credit enhancement totaling 28.3% of the pool balance, rating agencies said.
May 22 -
Older bank-owned loans, part of the Federal Family Education Loan Program, are repackaged into bonds that trade in the asset-backed securities market.
April 22 -
The company reached an agreement with 39 states to pay $1.85 billion to resolve claims that it had used predatory lending practices.
January 13 -
In no other industry would a debt-financed investment that's the equivalent of going to medical school be considered the same as a film-studies degree.
August 12 -
Dana Wade, a former OMB official, says a strong capital footing will help the Federal Housing Administration weather an uptick in delinquencies and ensure the mortgage market is viable once the economy recovers.
August 17 -
Credit card balances declined most sharply as consumers cut back their spending due to the coronavirus pandemic and associated shutdown orders, the New York Fed said Thursday. But delinquencies also fell across all debt categories, thanks to government and lender relief efforts.
August 6 -
The fixed-rate loans from Earnest involve refinancings to advanced degree professionals who have greater financial means to make payments despite the economic disruption caused by the COVID-19 pandemic.
June 1 -
The two agencies said they will exchange student loan complaint data after their information-sharing efforts had been in limbo for over two years.
February 3