Regulators Push to Kill Low Mortgage Dowpayments

Mortgages

Regulators Push to Kill Low Mortgage Dowpayments

Regulators Push to Kill Low Mortgage Dowpayments

If federal regulators have their way, the mortgage of tomorrow may look a lot like the mortgages of yesteryear, back when an old adage held that, “The only people who can get a loan are people who don’t need one.” This week, the Federal Reserve and other banking regulators published a much-anticipated proposal for new… Read More

Consumers’ Mortgage Delinquency and Foreclosure Fell in Fourth Quarter

Mortgages

Consumers’ Mortgage Delinquency and Foreclosure Fell in Fourth Quarter

Consumers’ Mortgage Delinquency and Foreclosure Fell in Fourth Quarter

Instances of serious mortgage delinquency and foreclosure fell during the final three months of last year, according to the latest quarterly statistics from the federal Office of the Comptroller of the Currency and the Office of Thrift Supervision. During that period, just 12.4 percent of all 32.9 home loans controlled by large national lenders were… Read More

Surprise! Consumers Still Paying Credit Cards Before Mortgages

Managing Debt

Surprise! Consumers Still Paying Credit Cards Before Mortgages

Surprise! Consumers Still Paying Credit Cards Before Mortgages

Many Americans are still paying credit card bills before they pay their mortgage, a trend that continues to surprise financial experts, according to a new study released by the TransUnion credit reporting agency. “(T)he new payment hierarchy has persisted for longer than many industry experts initially believed,” Sean Reardon, who wrote the report, said in… Read More

Washington Introduces New Mortgage Assistance Law

Mortgages

Washington Introduces New Mortgage Assistance Law

Washington Introduces New Mortgage Assistance Law

The law would not only strengthen existing requirements that banks meet with borrowers who are severely delinquent on their home loan payments, but it would also increase the number of housing counselors in the state, according to a report from the Vancouver, Washington, newspaper the Columbian. The bill would be paid for by requiring lenders… Read More

More Consumers Pay Credit Card Debt Before Mortgage

Managing Debt

More Consumers Pay Credit Card Debt Before Mortgage

More Consumers Pay Credit Card Debt Before Mortgage

The rate at which consumers were current on their credit card payments but 30 days or more behind on their home loan rose to 7.4 percent at the end of the third quarter last year, according to a report from credit monitoring bureau TransUnion. That’s an increase from 4.3 percent at the end of the… Read More

Follow Friday: Weekly Web Roundup (4/1/11)

Personal Finance

Follow Friday: Weekly Web Roundup (4/1/11)

Follow Friday: Weekly Web Roundup (4/1/11)

As always we’re bringing you our favorite blogs of the week. Check out the articles below for new facts, helpful tips and unique insight into your finances. We even included an incredible game to play with your friends and your credit cards!  Be careful –if you lose, you may be left picking up the bill! … Read More

Financial News Roundup: Hiring Outlook Increases, Banks Provide Free Security Software

Personal Finance

Financial News Roundup: Hiring Outlook Increases, Banks Provide Free Security Software

Financial News Roundup: Hiring Outlook Increases, Banks Provide Free Security Software

Today’s top news headlines feature new security measures financial institutions are providing to bank customers and one state’s elimination of extended unemployment benefits. Quarterly Hiring Outlook Climbs, Study Shows CNN Money A recent first-quarter survey shows more than half of employers are expected to increase their hiring over the next two quarters of 2011. The… Read More

NASA to Hackers: Please. Steal Our Satellites.

Identity Theft

NASA to Hackers: Please. Steal Our Satellites.

NASA to Hackers: Please. Steal Our Satellites.

Hackers could take control of American spacecraft by exploiting holes in NASA’s computer system, according to a new report by the space agency’s inspector general. Six computer servers inside NASA are so poorly secured that outside hackers could access them, potentially allowing the attackers to steal encryption keys, encrypted passwords and user account information. It’s… Read More

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