Nearly 22 Percent of Ohio Homeowners Have Underwater Mortgages

Mortgages

Nearly 22 Percent of Ohio Homeowners Have Underwater Mortgages

Nearly 22 Percent of Ohio Homeowners Have Underwater Mortgages

New data from the mortgage tracking firm CoreLogic showed that 21.9 percent of homeowners in Ohio had underwater mortgages – those with balances that are higher than the value of the property – at the end of the first quarter, according to a report from the Columbus Dispatch. That was up from the 21.6 percent… Read More

Foreclosure Victim? You May be a Better Credit Risk Than You Think

Mortgages

Foreclosure Victim? You May be a Better Credit Risk Than You Think

Foreclosure Victim? You May be a Better Credit Risk Than You Think

Did you lose your house during the recession? You may be less of a credit risk than your credit score makes you appear. And it’s not just your spouse or a consumer advocacy group saying so; it’s people who help define your credit score. TransUnion, one of the three major credit reporting agencies, recently discovered… Read More

Citibank Customers Lose Info in Data Breach

Identity Theft

Citibank Customers Lose Info in Data Breach

Citibank Customers Lose Info in Data Breach

Hundreds of thousands of Citibank customers had their account information accessed by hackers recently, according to an announcement Wednesday by the bank. Hackers gained access to the accounts through Citi Account Online, the bank’s online banking website. About 1% of the bank’s card customers were affected by the breach, according to Citi’s description to Reuters…. Read More

Financial News Roundup: School Budget Constraints Eliminate Yearbooks, Wells Fargo Offers Fixed-Rate Student Loans

Students

Financial News Roundup: School Budget Constraints Eliminate Yearbooks, Wells Fargo Offers Fixed-Rate Student Loans

Financial News Roundup: School Budget Constraints Eliminate Yearbooks, Wells Fargo Offers Fixed-Rate Student Loans

Today’s top news headlines feature the details of Wells Fargo’s new student loan options and reasons many schools have been forced to eliminate traditional mementos, such as yearbooks. Plus, find out how long it takes most unemployed Americans to find a new job. Yearbooks Eliminated Due To Troubled School Budgets CNN Money Many public schools… Read More

College-Bound? Don’t Pass Up Scholarship Dollars

Students

College-Bound? Don’t Pass Up Scholarship Dollars

College-Bound? Don’t Pass Up Scholarship Dollars

Some would say the value of a college education is priceless, though prospective students may have reason to think otherwise. College tuition has risen significantly in recent years, and young adults are graduating with larger amounts of student loan debt. Although loans have become one of the primary ways students are financing their education, students… Read More

Top 10 Hyper-Specific Groupon Wannabes

Personal Finance

Top 10 Hyper-Specific Groupon Wannabes

Top 10 Hyper-Specific Groupon Wannabes

The soon-to-go-public daily deal website, Groupon, has, in just a couple of years, transformed the way we save money on discretionary things from pizza to Pilates. Following in Groupon’s footsteps—and hoping to snag some of the explosive daily deal market share—similar, but niche websites are cropping up.  Like Groupon, they offer exclusive daily deals, but… Read More

Big Debit Card Changes Coming

Credit Cards

Big Debit Card Changes Coming

Big Debit Card Changes Coming

Big changes are ahead for debit cards that retailers say will ultimately benefit consumers, though the banks beg to differ. A months-long, multi-million-dollar lobbying push by the nation’s largest banks to delay those debit card changes ended in failure Wednesday afternoon, clearing the way for new rules to take effect in July. “This is huge,”… Read More

Consumer Credit Rose Once Again in April

Personal Finance

Consumer Credit Rose Once Again in April

Consumer Credit Rose Once Again in April

The amount of credit carried by consumers in the U.S. rose to a total of more than $2.48 trillion in April, up 3.1 percent from the more than $2.42 trillion observed at the end of March, according to the latest monthly statistics from the Federal Reserve Board. This change came despite the second drop in… Read More

Despite Big Glitches, Government Still Helping Underwater Homeowners

Mortgages

Despite Big Glitches, Government Still Helping Underwater Homeowners

Despite Big Glitches, Government Still Helping Underwater Homeowners

We’ve run several stories (including this one and that one) about how the federal government’s program to help people avoid foreclosure is an abject failure. Regardless, some people have still managed to get help and keep their homes. Fannie Mae and Freddie Mac, the two taxpayer-owned mortgage giants, helped over a million people refinance their… Read More

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