Financial News Roundup: Regulators Investigate Mortgage Lawsuits, Hiring For Graduates Increases

Mortgages

Financial News Roundup: Regulators Investigate Mortgage Lawsuits, Hiring For Graduates Increases

Financial News Roundup: Regulators Investigate Mortgage Lawsuits, Hiring For Graduates Increases

Today’s top news headlines feature the details of new investigations into a number of mortgage lawsuits brought against lenders and figures that reveal more college graduates may see new jobs come their way. Plus, find out how small businesses are faring in the economy. FDIC Investigates Banks’ Mortgage Lawsuits The Huffington Post The Federal Deposit… Read More

Fixed-Rate Private Student Loans – Worth It?

Students

Fixed-Rate Private Student Loans – Worth It?

Fixed-Rate Private Student Loans – Worth It?

There’s a new kind of private student loan in town, with pros and cons that should be weighed before signing up. Wells Fargo and U.S. Bank have recently rolled out fixed-rate student loans to attract more consumers, as the private loan market continues to lose ground to the federal government, which is currently offering subsidized loans… Read More

Government Working In Opposition with Itself on Housing

Mortgages

Government Working In Opposition with Itself on Housing

Government Working In Opposition with Itself on Housing

Fannie Mae and Freddie Mac – the mortgage backing giants controlled by the federal government – have repeatedly increased lending standards for financial institutions in an attempt to stem losses from defaulted and foreclosed-upon properties. The problem is that this has served to stymie federal attempts to kickstart a housing industry that has flagged since… Read More

Keeping Up with Long-term Financial Goals

Credit 101

Keeping Up with Long-term Financial Goals

Keeping Up with Long-term Financial Goals

Americans could use a bit more discipline when it comes to saving money for their long-term goals, especially with all the distractions that arise day to day.About three out of four Americans say that the pace of society today makes it harder for them to stay focused on their long-term financial goals, according to a… Read More

Equifax Study: Repo Man Hits Big, And He’s Not Going Away

Personal Finance

Equifax Study: Repo Man Hits Big, And He’s Not Going Away

Equifax Study: Repo Man Hits Big, And He’s Not Going Away

Banks repossessed $304 billion worth of homes in 2010, and they’re just getting started. Equifax, a national credit bureau, sees no end in sight to a housing recession that’s already dragged on for more than four years, according to the company’s latest housing study. “Until these foreclosures are processed, the mortgage market will continue to… Read More

Financial News Roundup: Group Interviews Become Popular, Americans Happy With Standard of Living

Personal Finance

Financial News Roundup: Group Interviews Become Popular, Americans Happy With Standard of Living

Financial News Roundup: Group Interviews Become Popular, Americans Happy With Standard of Living

Today’s top news headlines feature the results of a new survey that shows Americans are satisfied overall with their standard of living and reasons low-income families rely on alternative banking services. Plus, find out why many job applicants disapprove of group interviews. Group Interviews Unattractive To Job Applicants Fortune Many companies are setting up group… Read More

Two Credit CARD Act Loopholes You Need to Know About Right Now

Credit Cards

Two Credit CARD Act Loopholes You Need to Know About Right Now

Two Credit CARD Act Loopholes You Need to Know About Right Now

I recently came across two really big—no, make that gargantuan—CARD Act loopholes that no one has made much of a fuss about. A few weeks ago, I was doing a little “light” reading on Helpwithmybank.gov, which is associated with the Comptroller of the Currency Administrator of National Banks (OCC), and read a Q&A that made… Read More

Big Banks Offer Big Mortgage Mods, No Application Required

Mortgages

Big Banks Offer Big Mortgage Mods, No Application Required

Big Banks Offer Big Mortgage Mods, No Application Required

Two of the nation’s largest banks are letting people out of expensive mortgages, including people who never asked for the help. Chase and Bank of America are offering some homeowners big reductions on interest rates, and in some cases even lowering the principal of the loans, according to bank statements and a recent story by… Read More

Fired! Obama Replaces His In-House Critic on Financial Reform

Personal Finance

Fired! Obama Replaces His In-House Critic on Financial Reform

Fired! Obama Replaces His In-House Critic on Financial Reform

You can diss your boss in public only so many times before he becomes your former boss. John Walsh, acting director of the Office of the Comptroller of the Currency, learned that lesson the hard way on Friday after President Obama nominated a different bank regulator, Thomas J. Curry, to take over leadership of the… Read More

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