Obama’s Housing Market Efforts a Boon to Mortgage Lenders

Mortgages

Obama’s Housing Market Efforts a Boon to Mortgage Lenders

Obama’s Housing Market Efforts a Boon to Mortgage Lenders

In the past few years, the federal government, and specifically the Obama administration, has made a number of efforts to improve the housing market through regulatory controls, and new data shows these have really paid off for lenders. The housing market has been improving considerably for the last several months. Perhaps the biggest beneficiaries of… Read More

Mobile Wallet Interest Driven Mostly By Marketing

Personal Finance

Mobile Wallet Interest Driven Mostly By Marketing

Mobile Wallet Interest Driven Mostly By Marketing

Lots of attention has been paid to mobile wallet programs in the past several months, and while many are excited about the spending options these present, others note that there may be another motive for developers. The companies behind mobile purchasing platforms like Google Wallet and Isis may be giving consumers a new way to… Read More

Credit.com in the News 10/13/12

Personal Finance

Credit.com in the News 10/13/12

Credit.com in the News 10/13/12

This week the experts from Credit.com contributed to a wide range of publications. Check out the hits… The big news this week at Credit.com is the new Bluebird prepaid card. Credit.com Editor in Chief Michael Schreiber spoke to Reuters about the recent jump in bank fee revenue even in the face of federal fee restrictions… Read More

Under Pressure, Credit Card Upsells Disappearing

Credit Cards

Under Pressure, Credit Card Upsells Disappearing

Under Pressure, Credit Card Upsells Disappearing

When it comes to paying extra money for services from their credit cards, many Credit.com readers admit to having mixed feelings. Are things like debt protection, credit monitoring and identity theft protection valuable products? Or are they overpriced services that offer little real value? One reader whose identity was stolen twice now pays for an… Read More

Two Sure Things in Life: Death & Facebook

Identity Theft

Two Sure Things in Life: Death & Facebook

Two Sure Things in Life: Death & Facebook

What happens to our Facebook profile when we die? Who gets to connect with us on LinkedIn, post pictures of us on Pinterest, or view our photos on Flickr after we have shuffled off this mortal coil and left these worlds — both the physical and the virtual — behind? These are brand-new questions that… Read More

Attorneys General Oppose Payday Loan Bill

Managing Debt

Attorneys General Oppose Payday Loan Bill

Attorneys General Oppose Payday Loan Bill

Congress is currently considering a bill that would give overarching control over payday lending protections to the federal government, but the attorneys general of 41 states and territories say this law should not pass. The Consumer Credit Access, Innovation and Modernization Act is currently being weighed by federal lawmakers in the House of Representatives, but… Read More

Real Estate Ray of Light: Shadow Inventory Declines

Mortgages

Real Estate Ray of Light: Shadow Inventory Declines

Real Estate Ray of Light: Shadow Inventory Declines

Roughly 2.3 million homes are in the shadow market, according to a report by data and analytics firm CoreLogic, which marks a considerable drop from where the inventory of these properties stood a year earlier. The current supply of pending foreclosures equates to a roughly six-month supply, the report indicates. The level of these properties… Read More

This Week in Credit News: Bluebird Is Born

Credit Cards

This Week in Credit News: Bluebird Is Born

This Week in Credit News: Bluebird Is Born

The biggest news this week revolved around a new prepaid debit card being offered by the world’s largest retailer and one of the major credit card issuers. Walmart & AmEx Team Up for Low-Cost Prepaid Card Walmart and American Express recently announced that they were going to release a new prepaid card option specifically targeted… Read More

Payday Loan Scams 2.0: Things Just Got Worse

Identity Theft

Payday Loan Scams 2.0: Things Just Got Worse

Payday Loan Scams 2.0: Things Just Got Worse

Payday loan scams, when thieves randomly call victims and talk them into paying for a loan they never took, have been going down for years. In one of the largest known cases, the Federal Trade Commission busted a group that made more than 2.7 million calls to 600,000 different phone numbers, collecting more than $5.2… Read More

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