Mortgage rates stabilize for now

Mortgage rates hit their highest levels in months yesterday as bonds lost ground at a steady pace to start the new week. Bonds – especially mortgage backed securities (MBS) – are the most important ingredient used by lenders to determine mortgage rates. Weak bond market (ie “losing ground”) means bond …

Read More »

5 ideal credit cards for students

SDI Productions / iStock.com Student credit cards have always given young adults a way to build their credit in real time during the transition to adulthood. Lenders, however, were understandably wary of extending credit to young adults who were in the world for the first time with no credit history …

Read More »

The DIA will be the temporary administration of financial institutions after the revocation of their licenses

Previously, the Bank of Russia performed these functions after the revocation of a bank’s license (with the possibility of engaging DIA specialists), while the DIA carried out the liquidation of a financial institution after the court issued the corresponding decision. The DIA will exercise the powers of the provisional administration …

Read More »