SoFi to Begin Offering Auto-Loan Refinancing

Ruben Onsu

The online lender SoFi, which is going public through Chamath Palihapitiya’s blank-check company Social Capital Hedosophia Holdings Corp. V (NYSE:IPOE), will soon let members refinance auto loans on its platform.

Bloomberg reported today that SoFi plans to team up with the start-up MotoRefi to make the offering possible. MotoRefi helps customers find affordable auto-refinancing options through partnerships with community banks and credit unions.

“We constantly hear from our members on what products they’d like us to offer, and auto loans have been a consistent request,” said SoFi’s Executive Vice President Jennifer Nuckles, according to Bloomberg. “We also

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Does The Government Owe You Money For Your Home Loan?

Ruben Onsu

SALT LAKE CITY, Utah — In this tough pandemic economy, a lot of Utahns have been looking for any extra cash. Well, if you bought a home with a loan backed by the Federal Housing Administration (FHA), and you sold or refinanced it, there is a good chance the government owes you money.

The Department of Housing and Urban Development (HUD) is holding onto hundreds of millions of dollars in loan refunds. The thing is, many homeowners may not be aware they have money owed them.

KSL Investigators walked up to the home of Angela Sloan with a comically large

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Mortgage interest rates for April 5, 2021: Rates move higher

Ruben Onsu

Chona Kasinger/Getty

A couple of closely followed mortgage rates climbed up today. Fifteen-year fixed and 30-year fixed mortgage rates both moved higher. The average rate of the most common type of variable-rate mortgage, the 5/1 adjustable-rate mortgage, also climbed higher. Although mortgage rates are dynamic, they are at a historic low. Because of this, right now is a good time for prospective homebuyers to lock in a fixed rate. But as always, make sure to first consider your personal goals and circumstances before buying a home, and shop around for a lender who can best meet your needs.

Find current

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Student Loan Scam Exposed After Man Arrested on Cyberstalking Charges

Ruben Onsu
  • When arresting a man on cyberstalking charges, the FBI discovered he was operating a student loan scam.
  • Jalon Carlos Torres was arrested after sending racist messages to a banker.
  • Investigators found that bank accounts belonging to Torres’ company were closed due to suspicious activity.
  • Visit Insider’s homepage for more stories.

A years-long student loan scam operation was exposed when a man was arrested after harassing a banker with disturbing and racist messages, The Daily Beast reported Monday.

Federal authorities arrived at the home of Jalon Carlos Torres, 43, in Colorado Springs, Colorado, to arrest him on charges of cyberstalking

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China Is Said to Ask Banks to Curtail Loans for Rest of Year

Ruben Onsu

Photographer: Qilai Shen/Bloomberg

China’s central bank asked the nation’s major lenders to curtail loan growth for the rest of this year after a surge in the first two months stoked bubble risks, according to people familiar with the matter.

At a meeting with the People’s Bank of China on March 22, banks were told to keep new advances in 2021 at roughly the same level as last year, said the people, asking not to be identified as the matter is private. Some foreign banks were also urged to rein

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How recent college grads facing a tough job market can handle their student loans

Ruben Onsu

Close to graduating? Finding a job might be hard. Here’s how to handle your loan payments in the meantime. (iStock)

The coronavirus pandemic has had a massive impact on the U.S. job market. According to the most recent numbers from the Bureau of Labor Statistics, non-farm jobs are down by 9.9 million since February 2020, and about 6.3% of Americans are currently unemployed.

For college students on the cusp of May or June graduation, it offers a grim future. They might worry about how they’ll find a job, pay the bills or, in many cases, pay their student

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