If you’re looking to buy a home, be aware that mortgages will change next month. Starting May 1, upfront fees for loans backed by Fannie Mae and Freddie Mac will be adjusted because of changes in the Loan Level Price Adjustments (LLPAs), the fees that vary from borrower to borrower based on their credit scores,…
Category: Finance
Is car finance the next PPI? Claims management firms cause concern | Motoring
uK consumers were this week urged to avoid the “plague” of claims from management firms targeting people who may have missold a car finance deal. It has prompted suggestions that these firms may regard car finance as “the next PPI”. Complaints about car finance lenders have almost doubled in the last financial year, driven by…
Feds Are Reportedly Antsy Over Delays in Hunter Biden Probe
Photo: TOLGA AKMEN/EPA-EFE/Shutterstock With President Joe Biden set to announce his 2024 campaign, his charismatic son and perpetual family liability Hunter is back in the news in a big way. And while it’s unlikely to reach fall-2020 (or even fall-2019) levels of Hunter-ness, the updates surrounding the president’s son and the investigation into his alleged…
ChatGPT may be able to predict stock movements: finance professor
Alejandro Lopez-Lira, a finance professor at the University of Florida, says that large language models may be useful when forecasting stock prices. He used ChatGPT to parse news headlines for whether they’re good or bad for a stock, and found that ChatGPT’s ability to predict the direction of the next day’s returns were much better…
Colorado school finance bill boosts K-12 spending to $9 billion
Colorado’s school finance act would boost K-12 funding next year to more than $9 billion — $150 million more than described in the recently finalized 2023-24 budget and a 7.5% increase from this year. “The change to school finance is historic,” said Joint Budget Committee Chair Rachel Zenzinger. Average per-pupil spending is proposed to reach…
Startup founder’s alleged $175 million fraud highlights inequality in finance, experts say
JPMorgan Chase trumpeted its $175 million acquisition of a college financial planning company called Frank in 2021, boasting that the firm served more than five million students. Little more than a year later, however, the nation’s largest bank sued Frank founder Charlie Javice, saying she and another executive from the company deceived the bank and…
Barron’s 100 Most Influential Women in US Finance: Barbara Roper
Barbara Roper Courtesy of the SEC text size Barbara Roper is finding that her post at the Securities and Exchange Commission offers a good opportunity to improve conditions for the typical investor. A leading spokesperson on investor-protection issues, Roper, 67, worried about taking the role of senior adviser to the chair at the SEC. But…
The True Cost of Switching To Electric Vehicles
Constantinis / iStock.com Although gas prices have taken a dip from their record highs of more than $5, experts warn that a combination of seasonal demand and rising oil prices could see gas prices make another surge in the near future, reported USA Today. With a little hope for relief at the pump, you may…