Author: badmortgage

Published: 05 Apr. 2026, 14:57 The logo of the Financial Supervisory Service [FSS]   Outstanding loans extended to risky real estate development projects dropped sharply last year via sell-offs or recapitalization, the financial watchdog said Sunday.   According to the Financial Supervisory Service (FSS), 14.7 trillion won ($9.74 billion) in loans extended to real estate projects were classified as risky at the end of last year.     The reading marks a drop from 18.2 trillion won at the end of September, 20.8 trillion won at the end of June and 21.9 trillion won as of the end of March.…

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(NEWS FROM THE STATES) – A federal court order last month to effectively axe a Biden-era student loan repayment plan capped years of chaos for more than 7 million student borrowers enrolled in the program.The Saving on a Valuable Education, or SAVE, plan marked a cornerstone of the Joe Biden administration’s loan forgiveness efforts but became mired in legal challenges from several GOP-led states. On July 1, federal loan servicers will start sending notices to borrowers instructing them to enter into a legal repayment plan within 90 days, the department said. Borrowers who do not switch within the 90-day window…

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Amanda Lynn Tully spent her teenage years as a ward of the state of Colorado and believed a college degree was her ticket to a better life.So, when she graduated in 2017 with a master’s degree in historic preservation from the University of Oregon, $65,000 in federal student loans and no job offers in the conservation field, she felt misled.”I was never financially stable because I was never taught to be financially stable,” Tully, 37, said.

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Apr 5, 2026 According to a report from Investopedia, a significant deadline is approaching for holders of certain federal student loans. Parents with Parent PLUS loans must ensure their loan consolidation is fully processed by June 30, 2026, to retain eligibility for income-driven repayment plans. Missing this cutoff will result in permanent loss of access to these plans.The requirement stems from legislative changes. The process of consolidation itself is reported to take several weeks, indicating borrowers may need to initiate the process well before the deadline. Previously, consolidation allowed access to the Income-Contingent Repayment plan, which provided payment reductions and…

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