$23 Million Veterans Housing Complex to Open in New Jersey

$23 Million Veterans Housing Complex to Open in New Jersey

A 70-unit private apartment complex for military veterans, some of whom are homeless, is set to open up this month. It's one of the first private veterans' communities in the United States to offer rental housing to veterans of all incomes, and it includes comprehensive services that help move the former service members to eventually become homeowners.

The Car Lending Landscape Continues Changing

The Car Lending Landscape Continues Changing

As a result of changes in consumer behavior, both the auto loan and credit industries have changed dramatically. Ecommerce, environmental concerns and economic factors will present a major opportunity for financial institutions in the auto financing industry.

Frannie, Freddie Loan Limits to Increase to $1 Million

Frannie, Freddie Loan Limits to Increase to $1 Million

Government-sponsored enterprises (GSEs) include Fannie Mae and Freddie Mac, and these companies have an essential role in the housing market. They buy mortgage loans from private lenders and then sell them to investors. Mortgage loan securities are then sold again on a secondary market.

Due to Navy Pay Issues, Sailors are Taking Out Loans

Due to Navy Pay Issues, Sailors are Taking Out Loans

Sailors who received an increase in their housing allowance this year because they got married or moved to a higher cost-of-living area have been forced to wait months for their increase in their paychecks, forcing some in the Navy to take out loans from their banks.

MotoRefinance to Offer Auto Loan, Insurance Bundling

MotoRefinance to Offer Auto Loan, Insurance Bundling

It is prevalent for insurance organizations to try to persuade their customers to bundle all their policies with one carrier to provide them with all the coverage they need at once. Caribou, previously named The MotoRefi, is changing things up by offering both insurance and auto loan refinancing together in one package.

Refinancing Home Loans Down 31% from 2020

Refinancing Home Loans Down 31% from 2020

According to a survey published by the Mortgage Bankers Association (MBA) on Nov. 17, refinance mortgage loan applications declined 31% over the past year during the week ending November 12. Refinancing applications decreased by 5% from the previous week.

Pentagon Reviews Food Insecurity Among Military Families

Pentagon Reviews Food Insecurity Among Military Families

Members of Congress and advocates have raised the issue of low military pay in recent years as a concern that threatens the ability of some troops to provide for their families. A 90-day review has been announced by Lloyd Austin, the secretary of Defense, with the goal of developing a strategy.

Veterans Widow Loses Benefits, Savings

Veterans Widow Loses Benefits, Savings

Janice Traylor's husband Gary, an Army veteran, died last summer because of heart failure. Traylor said she has struggled for months since his death to gain access to thousands of dollars he had in his bank account as well as his military benefits.

John Hancock Gives Away Apple Watches to Life Insurance Customers

John Hancock Gives Away Apple Watches to Life Insurance Customers

The John Hancock Vitality Program, which rewards its life insurance customers for the little everyday things they do to live longer and healthier lives, expands its Apple Watch program to offer the recently announced Apple Watch Series 7 to its customers. Those who exercise regularly can earn an Apple Watch Series 7 by registering with John Hancock Vitality PLUS starting this fall.

Mental Health Bill Aimed at Veterans Passes House

Mental Health Bill Aimed at Veterans Passes House

A law championed by a North Carolina congressman has passed the House of Representatives, ensuring that counseling and mental health help are available to student veterans who may be suffering from their transition out of the military.