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    No, they cannot put you in debtor's prison as long as you did not commit fraud (actively lying on a loan). Even then it is unlikely you would go to prison for fraud. EDIT: Fraud means you...

Breaking News

  • Pa. lawmakers should lose interest in payday loans

    That must be the explanation for why our own state lawmakers are back at the table talking about allowing payday lenders to practice their predatory loansharking in Pennsylvania. It's probably no coincidence that the payday industry as a whole has been

  • Pa. Senate considers bill regulating 'payday' loans

    At a committee hearing Wednesday, senators debated a measure that would allow the state Department of Banking to license and oversee businesses seeking to offer short-term, or "payday," loans. Those loans and related charges would be capped, and a

  • Records show the cost of payday loans

    Senate reviewing bill to legalize payday loans. September 22, 2012|Paul Muschick | The Watchdog. The debate over whether to allow payday loans in Pennsylvania continued in Harrisburg last week with the same stale arguments. Supporters said the loans

  • Keep ban on payday loans

    Pennsylvania lawmakers banned the payday lending industry several years ago for good reasons, which still exist. After state bank regulators discovered several years ago that some borrowers had ended up paying cumulative interest rates equivalent to

  • Payday lending for Pennsylvania?

    HARRISBURG — — Advocates for the poor, who thought they'd effectively sidelined a controversial bill clearing the way for payday lending in Pennsylvania, are girding for a renewed fight during this fall's legislative session. The General Assembly

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When in the market for Pennsylvania Payday loans there are a few points that you should be aware of. Pennsylvania does not have specific payday loan safe-harbor ...

News Summary: Rates on US mortgages at record lows
RATES AT RECORD LOWS: Average U.S. rates on fixed mortgages fell again to record lows this week. The decline suggests the Federal Reserve's stimulus efforts may be having an impact on mortgage rates.

Rate on 30-year mortgage hits record low 3.40 pct.

In this Friday, Sept. 21, 2012, photo,a home is for sale in Oklahoma City. Average U.S. rates on fixed mortgages fell again to new record lows. The decline suggests the Federal Reserve's stimulus efforts may be having an impact on mortgage rates. Mortgage buyer Freddie Mac said Thursday, Sept. 27, 2012, the rate on the 30-year loan dropped to 3.40 percent. That's down from last week's rate of 3.49 percent, which was the lowest since long-term mortgages began in the 1950s. (AP Photo/Sue Ogrocki)Average U.S. rates on fixed mortgages fell again to new record lows. The decline suggests the Federal Reserve's stimulus efforts may be having an impact on mortgage rates.


Already signs Fed action is working: Boston Fed's Rosengren
QUINCY, Massachusetts (Reuters) - The Federal Reserve's decision last week to buy large quantities of mortgage-backed securities is already having a positive effect on wholesale mortgage rates, the president of the Federal Reserve Bank of Boston said on Thursday. Eric Rosengren, in a speech to a chamber of commerce in the Boston suburb of Quincy, also said the U.S. economy was clearly in better shape than some developed peers internationally, but still not strong enough to bring the unemployment rate down more quickly. (Reporting By Ben Berkowitz; Editing by Chizu Nomiyama)

Ahead of the Bell: Weekly mortgage rates
Loan buyer Freddie Mac reports Thursday on whether mortgage rates are continuing to hold near recent low rates.

U.S. mortgage refinancing applications rise as rates hit record low: MBA

A U.S. flag decorates a for-sale sign at a home in the Capitol Hill neighborhood of WashingtonNEW YORK (Reuters) - Applications for home mortgages dipped last week, though demand for refinancings rose as mortgage rates fell to a record low, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, edged down 0.2 percent in the week ended Sept 14. The seasonally adjusted index of refinancing applications gained 0.80 percent. The gauge of loan requests for home purchases, a leading indicator of home sales, tumbled 3.8 percent. ...


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