Fannie Mae (OTC:FNMA) and the U.S. Army jointly announced the launch of a new initiative recently, which aims to assist service personnel who are struggling with mortgage payments and facing foreclosure. This new initiative also included a special mortgage payment forbearance, where service families which are financially affected by the death or injury of a [...]

A recent report issued by the U.S. Department of Education predicted that the adjusted default rate for federally guaranteed student loans would rise to the highest levels since 1998 shortly, with banks predicting that the default rate could increase to as much as 6.9 percent. Such an increase would effectively mean that the rate will [...]