What May Lie Ahead for Student Loan Borrowers

Outstanding student loan debt has swelled to more than $1.6 trillion, according to the website Private Student Loans Guru, and that situation is projected by some to get worse. CNBC reports that prior to the pandemic, about 1 in 7 borrowers were behind on their student loans, and as many as two-thirds were making only […]

U.S. Department of Education Restructures Student Loan Servicing

The U.S. Department of Education office of Federal Student Aid (FSA) has signed contracts with five companies to provide enhanced customer support to FSA’s more than 68 million student loan customers. What is notable is what company is not on the list. Edfinancial Services LLC, F.H. Cann & Associates LLC, MAXIMUS Federal Services Inc., Missouri […]

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Mortgage Delinquencies Soar in May

U.S. mortgage delinquencies soared in May to their highest level since November, 2011. Bloomberg reports that, according to data released by Black Knight Inc., the number of delinquent mortgages grew by 723,000 to 4.3 million in May, and that more than eight percent of all mortgages in the United States were past due or in […]

Banks Are Wondering Who is Credit Worthy

Banks in the United States are being faced with a new challenge as the world’s financial crisis deepens … determining who is actually credit worthy. And the confusion is causing banks to pull back on lending. Under the CARES Act, lenders who allow customers to defer payments are not allowed to report those payments as […]

Universal Resorts in Orlando, FL Announces Layoffs

Universal Orlando has laid off an undisclosed number of employees only weeks after reopening according to a spokesperson for the organization. WDW News Today reports that the layoffs were confirmed in a statement to Spectrum News. The spokesperson said that Universal “made the difficult decision to reduce our Parks & Resorts workforce across multiple locations […]