Housing market improvement helps lower delinquency rates

Print
Email
|

by Jane King / Bloomberg

Bloomberg

Posted on May 8, 2013 at 6:06 AM

Updated Wednesday, May 8 at 7:26 AM

More people are paying their mortgages on time. Transunion says the delinquency rate plunged 21 percent in the first quarter compared to a year ago to just 4.6 percent. This is the biggest year-on-year improvement since Transunion began collecting the data 21 years ago. Things improved the most in Arizona, California and Colorado.

Low-income college students might be surprised at the tuition breaks the wealthy kids sitting next to them are getting. A report by New America Foundation says colleges like Boston University and George Washington are using merit aid to lure talented students from wealthy families, but forcing some families that make less than $30,000 to pay more than $15,000 a year with loans. Not all schools do this, though. The report praises Amherst, Williams and MIT for charging low-income students next to nothing.

Guests at Disney theme parks apparently feeling more confident. The world's largest entertainment company is posting a 32 percent jump in quarterly profit as more people visited Florida and California attractions and spent more when they got there.

How long do you need to work before you can retire? Northwestern Mutual says 42 percent of those surveyed say they expect to have to work until they're at least 70 -- with some expecting to work into their 80s.

 

 

 

 

 

 

Print
Email
|