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Contributor |  In Personal Finance, Mortgages

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Financial News Roundup: Navigating Underwater Mortgages, Prepaid Cards Gain CFPB Attention

Personal Finance

Financial News Roundup: Navigating Underwater Mortgages, Prepaid Cards Gain CFPB Attention

Today’s top news headlines feature a new trend among homeowners who are fighting foreclosures. Plus, find out why the Consumer Financial Protection Bureau may target prepaid cards. Foreclosed Homeowners Turn Backs On Legal Representation The New York Times More homeowners are choosing to fight their foreclosure in courts, often opting to forego legal representation. Americans... Read More

MasterCard Profits Boom on Consumer Card Use

Credit Cards

MasterCard Profits Boom on Consumer Card Use

While the recession may have altered the shopping habits of consumers nationwide, the number of people who were willing to deal with credit card debt increased in the final three months of 2010, according to a report from The Associated Press. As a result, MasterCard saw profits surge by 41 percent over the same period... Read More

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 Healthcare Repeal Fails to Pass in Senate The Wall Street Journal The Senate struck down a bill that would have repealed...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

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