The New Program Designed for Low-Income Homebuyers

Mortgages

The New Program Designed for Low-Income Homebuyers

The New Program Designed for Low-Income Homebuyers

Government-sponsored mortgage giant Fannie Mae is starting a new home loan program for low-income borrowers called HomeReady, with the goal of improving creditworthy consumers’ access to affordable mortgages through low down-payment requirements, homeownership education and other specialized underwriting criteria. The HomeReady program will be available to borrowers in areas designated by the U.S. Census Bureau… Read More

Stock Market Insanity: Here’s What the Pros Are Telling Their Clients

Personal Finance

Stock Market Insanity: Here’s What the Pros Are Telling Their Clients

Stock Market Insanity: Here’s What the Pros Are Telling Their Clients

U.S. stock markets dropped sharply Monday morning, and even though they already recovered much of their losses, many consumers aren’t sure what to think about the volatility. Lots of people spent their Monday morning contacting their financial advisers to ask for information on and advice for dealing with stock market turmoil. Several Credit.com contributors are… Read More

AmEx Introduces Prepaid Debit Card With 1% Cash Back

Credit Cards

AmEx Introduces Prepaid Debit Card With 1% Cash Back

AmEx Introduces Prepaid Debit Card With 1% Cash Back

Consumers who have poor credit, no credit or don’t have access to traditional bank accounts often find prepaid debit cards helpful, because they offer features like direct deposit and make it possible to shop online or using smartphone apps. Still, they don’t have a lot of the benefits associated with credit cards, like the strong… Read More

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