Foreclosure Filings Spiked in August

Mortgages

Foreclosure Filings Spiked in August

Foreclosure Filings Spiked in August

Another day, another reminder that the foreclosure crisis is far from over. The number of foreclosures jumped 7 percent in August according to RealtyTrac, a website of classified ads for foreclosed properties. The pain in particularly hard-hit states shows no sign of easing. Foreclosures spiked to their highest levels in the last 12 months in… Read More

On Bank Fees, Dick Durbin Doubles Down

Personal Finance

On Bank Fees, Dick Durbin Doubles Down

On Bank Fees, Dick Durbin Doubles Down

Standing in front of his Springfield, Ill., home, Sen. Dick Durbin called on banks to publish simple, one-page descriptions of all the fees and terms of their checking accounts. “It’s time for banks to treat customers fairly and disclose what they’re actually charging,” Durbin said, according to the State Journal-Register, Springfield’s local newspaper. The proposal… Read More

Propublica’s FAQ on the New Foreclosure Review Process

Mortgages

Propublica’s FAQ on the New Foreclosure Review Process

Propublica’s FAQ on the New Foreclosure Review Process

by Paul Kiel, ProPublica, Nov. 4, 2011 As we reported today, federal banking regulators have launched a foreclosure review process. Certain current or former homeowners who were the victims of abuses or errors by mortgage servicers will be eligible for compensation. Regulators have provided a bare-bones website and frequently asked questions, which you can see… Read More

Mortgage Giant Requests Another $7.6 Billion from Taxpayers

Mortgages

Mortgage Giant Requests Another $7.6 Billion from Taxpayers

Mortgage Giant Requests Another $7.6 Billion from Taxpayers

Fannie Mae, the government-owned mortgage giant, is asking taxpayers for another $7.8 billion to cover the company’s losses from July through September, the Associated Press reports. The company lost $7.6 billion during the third quarter. Fannie already has received $112.6 billion in taxpayer money, the most expensive bailout of any company to result from the… Read More

Watchdog Unveils Simplified Mortgage Forms

Mortgages

Watchdog Unveils Simplified Mortgage Forms

Watchdog Unveils Simplified Mortgage Forms

If you’ve ever gotten a mortgage, you know that the forms that came with it are basically impossible to read. Particularly savvy or wealthy homebuyers may hire a lawyer to review the documents, but for most people the process of signing their mortgage is merely a blind blur of flipped paper and swooshing pens. Ever… Read More

Game On: 12 Tips for Safer Online Gaming

Identity Theft

Game On: 12 Tips for Safer Online Gaming

Game On: 12 Tips for Safer Online Gaming

By Matt Cullina, Identity Theft 911 Parents of gamers have likely caught wind of the hype surrounding two fall arrivals: Battlefield 3 and Call of Duty: Modern Warfare 3. These so-called shooter games are the latest installments to two established and—in the case of Call of Duty, wildly successful—video game series. One analyst for Forbes… Read More

Report: Home Values May Be Bottoming Out

Mortgages

Report: Home Values May Be Bottoming Out

Report: Home Values May Be Bottoming Out

Home prices may finally be stabilizing after five years of free fall, according to a new report by Zillow.com. The average home in America is now valued at $171,500, Zillow found, just .2 percent lower than it was during the previous quarter. While it’s not exactly great news, the leveling off may provide some solace… Read More

Debt Diet Week 16: Payday Splurges, Negotiating With Family Members

Managing Debt

Debt Diet Week 16: Payday Splurges, Negotiating With Family Members

Debt Diet Week 16: Payday Splurges, Negotiating With Family Members

This is our weekly installment of The Debt Diet Challenge, in which we follow the progress of participants selected to take Jean Chatzky’s Debt Diet as they work to get themselves out of debt and on track to a better financial future. Every week, the participants blog about their experiences with the program. Here are… Read More

When Is a Credit Card Like a Career?

Credit Cards

When Is a Credit Card Like a Career?

When Is a Credit Card Like a Career?

We do a fair bit of writing here about the impact of interest rates when it comes to paying off credit card debt. It should come as no surprise to any regular visitor to this site that paying minimum balances will extend the life of your debt, and raise the total amount you end up… Read More

Show Me More

Find out where you stand.
Get your FREE personalized credit report card.

Sign Up Now
X

Stay Connected to Our Contributors

Please submit your email address to get credit & money tips & advice
from our team of 30+ experts, delivered weekly to your inbox.