Mitchell D. Weiss Gravatar

Mitchell D. Weiss

Contributor |  In Students, Managing Debt

Mitchell D. Weiss is an experienced financial services industry executive and entrepreneur, adjunct professor of finance at the University of Hartford, a member of the board of the university’s Barney School of Business and co-founder of its Center for Personal Financial Responsibility. Mitch is also the author of College Happens: A Practical Handbook for Parents and Students, Life Happens: A Practical Guide to Personal Finance from College to Career-2nd Edition, Life Happens: A Practical Course on Personal Finance from College to Career and Business Happens: A Practical Guide to Entrepreneurial Finance for Small Businesses and Professional Practices.

The Middlemen That Can Drive Up the Cost of Your Loan

Personal Finance

The Middlemen That Can Drive Up the Cost of Your Loan

The Middlemen That Can Drive Up the Cost of Your Loan

As if alternative financing isn’t expensive enough, an illuminating article in Bloomberg Businessweek calls attention to the increasing use of intermediaries—brokers, in this instance—by small business and consumer borrowers seeking help finding a good deal on a loan. There are two main types of financial market intermediaries: consultants and brokers. They couldn’t be more different… Read More

Combustible Adjustables: The Troubling Return of the ARM

Mortgages

Combustible Adjustables: The Troubling Return of the ARM

Combustible Adjustables: The Troubling Return of the ARM

It was only a matter of time. Adjustable rate mortgages—the apocalyptical financial product of the recent economic collapse—are coming back in a big way. Of course, the banks insist that this time it’ll be different. At the moment, they’re targeting only high-net worth borrowers. According to a study that was developed for the Wall Street… Read More

An Indefensible Defense of Student Loans

Students

An Indefensible Defense of Student Loans

An Indefensible Defense of Student Loans

James Runcie, the Federal Student Aid office’s chief operating officer, appeared before the U.S. Senate’s Education Committee where he was grilled on the manner in which the FSA is monitoring the performances of the Department of Education’s subcontracted student-loan servicers. Two interesting points caught my attention. The first pertains to the key metrics the department uses… Read More

Reverse Mortgages: What the Ads Don’t Say

Mortgages

Reverse Mortgages: What the Ads Don’t Say

Reverse Mortgages: What the Ads Don’t Say

You’ve seen them on TV and heard them on the radio. They may be yesterday’s screen stars, but they’re today’s pitchmen for one of the hottest financial products that baby boomers of a certain age and financial circumstance want: the reverse mortgage. According to studies performed by Fidelity Investments and the Charles Schwab Corporation, 48%… Read More

More Reasons Why Your Alma Mater Doesn’t Matter

Students

More Reasons Why Your Alma Mater Doesn’t Matter

More Reasons Why Your Alma Mater Doesn’t Matter

Recently, I wrote an article that asked: who cares where you went to college? It referenced two surveys: one that Gallup and the Lumina Foundation sponsored and the other by the Cooperative Institutional Research Program at UCLA. The Gallup/Lumina survey contrasted the views of 1,102 randomly selected American adults who said that school choice was… Read More

Why the Student Loan Problem Is Even Worse Than You Think

Students

Why the Student Loan Problem Is Even Worse Than You Think

Why the Student Loan Problem Is Even Worse Than You Think

The Federal Reserve Bank of New York published its latest Quarterly Report on Household Debt and Credit recently, and, as usual, the real story about student loans is buried in its back pages. The report highlights the fact that loan-payment delinquency rates continue to improve (i.e. decline). On average, a little over 7% of all outstanding… Read More

Who Cares Where You Went to College?

Students

Who Cares Where You Went to College?

Who Cares Where You Went to College?

Some 15 years ago, my wife and I attended a barbecue fundraiser for a local nonprofit. As we made our way through the crowd, I bumped into a friend I hadn’t seen in a while. Jack (not his real name) was the CFO of a good-sized public company. After catching up on work, family and… Read More

Will a Ratings System Fix the College Cost Problem?

Students

Will a Ratings System Fix the College Cost Problem?

Will a Ratings System Fix the College Cost Problem?

The 2014 higher education financial freak-out is underway. Earlier this month, the Obama administration released several hundred pages of comments from schools, advocacy groups and other interested parties with regard to a rating system that, when implemented, would hold colleges in the U.S. accountable for their performance—or lack thereof. Certainly, consumer-learners (and their parents) are… Read More

Why Troubled Homeowners Could Face Huge Tax Bills

Mortgages

Why Troubled Homeowners Could Face Huge Tax Bills

Why Troubled Homeowners Could Face Huge Tax Bills

Financial adversity is an unhappy fact of life — jobs are won and lost, savings stashed and spent, and investments gain and lose ground all the time. Certain reversals of fortune are within our ability to predict and prevent. Indeed, some losses may even be manageable. Others, though, are impossible for some to overcome. Apparently,… Read More

Show Me More by Mitchell D. Weiss

Find out where you stand.
Get your FREE personalized credit report card.

Sign Up Now
X

Stay connected to our experts

Please submit your email address to get credit & money tips & advice
from our team of 30+ experts, delivered weekly to your inbox.