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Actually, the new federal budget may help states manage their increasing debt as the interest on federal unemployment loans are aimed to be deferred till 2014, as states are expected to have money at that time for repaying the installment loans. In fact, the supporters of this plan consider that states will be able to address their own budgetary needs, if the interest on the unemployment loans will be deferred as they won't have to be concerned as for the interest payments directed to the federal government.

Federal Reserve provided secret short-term loans with very low interest rates to banks during the financial crisis of 2008. Media didn't get exact figures.

For-profit colleges get more time to comply with the new federal aid rules. How many of them will be able to pass the provided test?

In fact, unemployment is rather high now and states have paid out a lot with 99 weeks of available benefits. Thus, the federal government decided to provide particular loans for most states in order to fund the unemployment benefits. However, some states still look for creative solutions as the interest payments on these loans come due.

Can you think of a single good reason why the federal government should require U.S. taxpayers to guarantee home loans of up to nearly $730,000?

Default rates on personal loans in for-profit colleges are really high. Federal and state authorities take these institutions under control.

The federal funding is ending now leaving states to struggle with the Medicaid costs alone. The states are going to spend more money on Medicaid.

California small business programs receive the federal funding that is performed in three payments. Will the state use it wisely?

The federal student loan program seemed like a great idea back in 1965: Borrow to go to college now, pay it back later when you have a job.

Residents and businesses affected by the storms in Kansas last month will be eligible for federal disaster loans.

Payday lenders are trying to stay in business and overreaching state regulations by means of turning to Indian tribes as they are legally protected by a particular doctrine called sovereign immunity that actually exempts the tribes from some federal and state laws.

Federal Trade Commission banned three debt relief companies from business for the false statements about their service that can help people get out of credit card debts and stop irritating calls and notices from debt collection agency. Besides, the defendants, Jonathan Greenberg, Financial Future Network LLC, Hermosa Group LLC, Media Innovations LLC, also get the fine of $500,000 for settling the changes.

The federal mortgage modification program was targeted for criticism as a failed program as the procedural issues are hampering the foreclosure process nationwide, while foreclosures on defaulted mortgage loans declined.

default rate on federal student loans

Many homeowners experience difficulties with providing constant monthly payments on their mortgages, however, now they are protected by the new rule provided by the Federal Trade Commission.

According to President Barack Obama's federal budget plan for the year 2012, the total US public debt held by the nation will continue to accumulate beyond its present $14 trillion level over the span of next 10 years.

The bill performed to increase the federal debt ceiling was rejected by the House being considered as a risky toying with the issue.

Short-term loans will help to cover the California's bills if money stops arriving from Washington. But still there is a hope that the federal government will come to consent.

Deutsche Bank was sued on Tuesday by the US attorney for Manhattan. The bank made tens of thousands of bad loans through its MortgageIT unit and then duped the FHA (Federal Housing Authority) into insuring them.

Bank of America became a target of the Federal Reserve for the mortgage bounds being considered as the worst national offender and the state of Arisona now steps in on behalf of its homeowners. A lot of American families were led to foreclosure expecting the mortgage loan modification promised by banks.