Discover what loan default rates are, how they're calculated, and their role as economic indicators impacting lenders and borrowers. Learn the metrics used for assessment.

When you buy or refinance a home, there are many moving parts and tons of paperwork. The loan processor is the main person who keeps the process moving along. If you're getting ready to apply for a ...

Discover what problem loans are, how they affect both borrowers and lenders, and strategies for managing or mitigating their risks effectively.

An FHA loan is a type of mortgage geared toward borrowers with lower credit scores or who otherwise don't qualify for a conventional loan. You can use an FHA loan to buy, build or renovate a home, or ...

Amortized loans are those that have a fixed repayment term and equal payments each month during that term. Reamortization occurs if at some point the lender recalculates the monthly payments during ...

A series of lending reforms was carried out under the Biden administration, which included reducing upfront guaranty fees and annual service fees paid by lenders. Usually, borrowers shoulder the ...

It is almost impossible to discharge student loans in bankruptcy. Only about 1 in 2,500 student loan borrowers who file for bankruptcy succeed in obtaining a full or partial discharge of their student ...