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.
To avoid obligations to pay policy premiums, a man in New Jersey was indicted on Nov. 17, 2021, for submitting entirely false applications for auto insurance.
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.
A life insurance company is suing the mother of two boys killed by her estranged husband for a $4 million payout they claim she was not entitled to. She is also seeking $10 million from his estate.
After offering modest discounts and rebates last year, the auto insurance industry faces more pressure to provide discounts and rebates this year.
Mutual life insurers are beginning to release estimates for dividend payouts for next year.
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.
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.
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.
A program in The Massachusetts Institute of Technology (MIT) programs recently lost GI Bill eligibility due to paperwork errors and poor communication with state authorities.
The U.S. Space Force recently announced that three more global positionings (GPS) satellites will be built for the military by Lockheed Martin Space as part of a $737 million contract.
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.
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.
A recent roundtable event on current challenges of the military highlighted that leaders are concerned there is not enough funding to maintain the readiness of the armed forces while also sustaining benefits for those who have served.
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.
The second annual Insuring the American Driver Report, published by Insurify, indicates a 12% increase in auto insurance premiums in 2021 when compared to 2020.
The prices of cars continue to increase every year. Despite this, there are still a few people who may be able to get good deals once the pandemic ends: those who leased a car before the pandemic, which will allow them to purchase it at the end of the lease.
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.
When Air Force weather officer Maj. Jenna Waites received official travel orders training at Fort Leavenworth, Kan., she was in a dilemma as she had to separate from her newborn child for 10 days.
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.