Which companies loan out more than we do?

A report from Axios finds that the average home loan borrower pays an average of $1,200 a month for the most common type of loan in the U.S. and an average $5,300 for a loan for a second home.This means the average loan borrower in the United States spends about $2,000 a month to get […]

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When the world’s biggest loan servicing company is gone

In a world where the biggest companies, banks and credit unions are all struggling to cope with a massive and unsustainable global economic downturn, one of the biggest lenders has quietly stepped into the breach.Borrowing giant Jumbo Loan, which provides loans in the UK, Ireland and Northern Ireland, announced that it will stop servicing its […]

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Rental rates: Jumbo loans on the rise

Rental and mortgage rates on the Jumbo loan have jumped by more than 30 percent over the past six months.The new rates are based on the latest available data from the New York State Department of Financial Services.“The increase in the rates comes as the loan program is under scrutiny from the state comptroller’s office […]

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