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How to Write a Letter of Explanation for a Mortgage 07/17/2023 08:00pm • If your credit report has any negative history, or if there is something in your mortgage application that requires more information, a lender may ask you to submit a "letter of explanation." This isn't a cause for panic. You can consider the letter request as an opportunity to clarify something tha The Student Loan Payment Pause Is Ending: 7 Things to Do 07/17/2023 08:00pm • Borrowers are set to resume payments on their federal student loans Sept. 1 after more than three years of forbearance that began during the COVID-19 pandemic. The end of the payment pause comes after the Supreme Court struck down the Biden Administration's plan to forgive up to $20,000 for some of How to build wealth in your 20s and 30s 07/17/2023 08:00pm • It may feel challenging to build wealth in your 20s and 30s when you're starting your first job and paying your first bills. But the decisions you make and the habits you form when you're starting out can make a big difference in your financial future. Even if you don't have a lot of money to sav 7 Industrial REITs to Buy Now 07/17/2023 08:00pm • Are you interested in real estate investment trusts, or REITs, but concerned about commercial office properties suffering from a continued remote-work trend? A viable alternative may be industrial REITs, which are seeing steady demand due to the continued popularity of e-commerce. "Industrial is jus In California's wide-open Senate race, Rep. Adam Schiff builds big fundraising edge 07/17/2023 05:42pm • LOS ANGELES (AP) — The crowded 2024 contest to fill the seat of retiring Democratic U.S. Sen. Dianne Feinstein is considered wide open, but U.S. Rep. Adam Schiff has built a substantial fundraising edge over his chief rivals, federal records showed Monday. Schiff, a Southern California Democrat wh Nonconforming mortgage rates reach 12-year high 07/17/2023 10:00am • The average rate for a jumbo mortgage loan has climbed to 7.04%, which is the country's highest in at least 12 years. Nonconforming loans are those that exceed limits for mortgages backed by federal companies Fannie Mae and Freddie Mac. In the D.C. metro area and other high-cost areas, that cutof 1 in 3 DC consumers say their debt is highest ever (How not to deal with it) 07/17/2023 09:50am • Borrowing costs are at record highs and for consumers carrying debt, that adds to the burden, especially when they're carrying more than ever. A Northwestern Mutual survey found that 32% of D.C.-area consumers said they are carrying close to their highest level of debt ever right now, with credit How to Find a Fixed-Rate Credit Card 07/16/2023 08:00pm • If you carry a credit card balance and can get a low interest rate, you might consider getting a fixed-rate card. But fixed-rate credit cards can be difficult to find and may come with drawbacks. Here's a look at whether these cards might be a good option for you. What Are Fixed-Rate Credit Cards?Mo 5 Costly Debt Consolidation Mistakes -- and How to Avoid Them 07/16/2023 08:00pm • Debt consolidation can help you save money on interest and get out of debt faster, but it doesn't always work as planned. In a recent U.S. News survey of consumers who have borrowed a debt consolidation loan, more than a third regret doing so. Nearly as many say their finances haven't improved since Best Peer-to-Peer Lending Websites for Investors 07/16/2023 08:00pm • When fixed income just doesn't cut it, some investors turn to peer-to-peer lending platforms for above-market returns. Peer-to-peer lending platforms have grown from a few startups in 2014 into a multibillion-dollar industry, with some analysts estimating it'll be worth more than $804 billion by 203 15 Best Dividend Stocks to Buy Now 07/16/2023 08:00pm • The Federal Reserve has made a dramatic move to raise interest rates and tighten liquidity as part of its efforts to rein in inflation. After having held interest rates at or near zero for the greater part of the past decade, the effective federal funds rate has now topped 5%. And it seems possible Yellen visits India again to promote closer ties and tackle global economic problems 07/16/2023 02:30am • GANDHINAGAR, India (AP) — On the heels of a trip to Beijing, U.S. Treasury Secretary Janet Yellen is back in India for the third time in nine months, this time to meet finance ministers from the Group of 20 nations about global economic challenges like the increased threat of debt defaults facing US Rep. George Santos repays himself $85K raised from lackluster reelection fundraising 07/15/2023 10:02pm • NEW YORK (AP) — Embattled freshman U.S. Rep. George Santos, a Republican from New York charged with a host of financial crimes, including embezzling money from his campaign, withdrew $85,000 from his campaign to help repay hundreds of thousands of dollars he loaned himself to get elected in 2022. Swiss goalkeeper Philipp Köhn joins Monaco on 5-year deal 07/15/2023 06:14am • MONACO (AP) — Switzerland goalkeeper Philipp Köhn joined French league club Monaco from Salzburg on Saturday. The German-Swiss goalkeeper signed a five-year deal to June 2028. Financial terms were not disclosed. Köhn was hired as a replacement for Alexander Nübel, whose loan from Bayern Munich Bargain-hunting Uruguayans are flocking to Argentina as its peso slides. Back home, shops struggle 07/15/2023 12:08am • GUALEGUAYCHÚ, Argentina (AP) — On a recent cross-border shopping trip, four friends from Fray Bentos, Uruguay, visited the nearby Argentine city of Gualeguaychu, where they could afford to live lavishly and snap up eye-popping bargains. Thanks to a huge disparity in the two South American countri