Tag: pennymac loan
Why students are paying more for their education now than they did a generation ago
Students are paying about 40% more for college, a new study has found, with many of them saddled with the highest levels of student debt ever recorded.The analysis, published Tuesday by the Pew Research Center, found that for the first time, Americans over the age of 26 who attended college at least once in their […]
Continue Reading...Stafford loan servicing firm calls for $1.2 billion in cuts
Stafford Loan Servicing (SLS) said Tuesday it would slash nearly 1,400 jobs and lay off about 3,000 staff members to reduce costs by $1 billion.SLS said it would lay off more than 1,800 employees and cut nearly 1.2 million hours of work.It would also cut more than 7,000 hours of overtime, including nearly 4,000 in […]
Continue Reading...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 […]
Continue Reading...