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Airplane door plummets onto Florida golf course

Facebook launch new 'Camera' app, with a catch

Jimmy Kimmel offers to mediate in Pacquiao-Mayweather fight

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Federal loan News

$25 billion Fed loan to car industry; It’s not a bailout, says Detroit

Another $25 billion is finding a use for itself providing a hand to the battered U.S. auto industry. A product line from the Stone Age and a market share which doesn’t deserve the name are the real problems. The industry is forced to reinvent itself.

In the Media by Paul Wallis - 9 comments

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Federal loan Headlines

Obama Makes Student Loan Rates Next Big Fight

Move over, Buffett Rule. Interest rates on federal student loans are set to become the next election-year flash point between President Obama and congressional Republicans. The White House announced Friday that it is launching a major campaign to keep rates on federal Stafford loans at...

Will HARP Help Homeowners?

The mortgage industry is buzzing about HARP 2, the revamped federal Home Affordable Refinance Program. Some are predicting it will trigger the biggest refi boom of the decade. But will it really help homeowners whose loans are deeply underwater refinance into low-rate loans? Source: Credit.com (http://s.tt/17Q8k)

Higher U.S confidence spurs borrowing

The U.S. Federal Reserve says a strong job market gave Americans the confidence to borrow in January, pushing total loans up to $2.5 trillion.

BofA Says First Principal-Reduction Letters Going Out

Bank of America said Monday that the first homeowners should get offers in the mail this week for principal reduction on home loans as part of the $25 billion mortgage settlement with leading mortgage servicers and federal and state officials.

Obama: Student Loan Rate Hike Would Be 'Tremendous Blow'

President Obama is teeing up interest rates on federal student loans as the new focus of his election-year drive to draw contrasts with Republicans. In his weekly radio address, Obama says he will embark on a public campaign over the next few weeks to pressure...