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Contributor |  In Personal Finance, Mortgages

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Financial News Roundup: Healthcare Repeal Fails in Senate, CFPB Warns Mortgage Lenders

Personal Finance

Financial News Roundup: Healthcare Repeal Fails in Senate, CFPB Warns Mortgage Lenders

Today’s top news headlines feature a warning to mortgage agencies regarding military foreclosure protection and the latest private-sector employment data. Plus, find out why the recent string of winter storms is hurting the economy. Healthcare Repeal Fails to Pass in Senate The Wall Street Journal The Senate struck down a bill that would have repealed... Read More

Proposed Rule Would Make Borrowing Difficult for Some

Personal Finance

Proposed Rule Would Make Borrowing Difficult for Some

A new proposed rule from the Fed would require lenders to consider only a potential borrower’s personal income when determining whether they qualify for a line of credit, according to a report from MarketWatch. As a result, those without incomes of their own, such as stay-at-home moms, would be shut out from the borrowing system,... Read More

Financial News Roundup: Economic Crisis May Change Filing Status, Watchdog Agency Unveils Changes

Personal Finance

Financial News Roundup: Economic Crisis May Change Filing Status, Watchdog Agency Unveils Changes

Today’s top news headlines feature a set of proposed changes the new consumer watchdog agency is discussing and different ways in which the unemployment crisis will impact the U.S. Plus, take some financial aid advice from top education professionals. CFPB Discusses Proposed Changes The Huffington Post The Consumer Financial Protection Bureau, set to begin taking... Read More

Fannie, Freddie Won’t Be Eliminated by Lawmakers

Mortgages

Fannie, Freddie Won’t Be Eliminated by Lawmakers

Currently, Fannie and Freddie back more than half of all mortgages nationwide, with loans valued at more than $5.3 trillion, according to a report from the Washington Times. Consequently, the fact that the two home loan giants have lost about $150 billion since being taken over by the federal government – a figure that could... Read More

Job Seekers Should Guard Private Information To Avoid Scams

Identity Theft

Job Seekers Should Guard Private Information To Avoid Scams

The most recent unemployment figures show a small decline in the number of jobless Americans; however, the national rate continues to hover around 10 percent. Separate reports also reveal the number of individuals who, as of December 2010, have been unemployed for more than a year increased from 25 to 30 percent. And now, job... Read More

Many Americans Still Struggling with Credit Card Debt

Managing Debt

Many Americans Still Struggling with Credit Card Debt

Californians owe more to credit card lenders than consumers in other states, according to a new study by the credit monitoring bureau Equifax. In total, these Americans owe nearly $90.6 billion, well ahead of the states with the next two largest outstanding balances, Texas – more than $48.8 billion – and Florida – nearly $47.6... Read More

Commission Calls Mortgage Meltdown Avoidable

Mortgages

Commission Calls Mortgage Meltdown Avoidable

The 10-member Financial Crisis Inquiry Commission, made up of a number of financial experts from the public and private sectors, found that the type of risky mortgage lending that led to the financial crisis was the result of government deregulation, according to a report from the New York Times. While under the direction of former... Read More

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