Financial News Roundup: Advice From Wealthiest Americans, Consumers Sacrifice To Pay For Gas

Personal Finance

Financial News Roundup: Advice From Wealthiest Americans, Consumers Sacrifice To Pay For Gas

Financial News Roundup: Advice From Wealthiest Americans, Consumers Sacrifice To Pay For Gas

Today’s top news headlines feature common savings tactics the nation’s wealthiest individuals employ and reasons some debt makes sense. Plus, find out what Americans are sacrificing to pay for their gas. Wealthiest Give Financial Advice The New York Times New York Times “Wealth Matters” columnist Paul Sullivan details the advice he received from a roundtable… Read More

The Durbin Amendment: Swipe Fees Impact On Credit and Credit Scores

Credit Cards

The Durbin Amendment: Swipe Fees Impact On Credit and Credit Scores

The Durbin Amendment: Swipe Fees Impact On Credit and Credit Scores

The past year has seen quite a bit of focus and serious lobbying action in Washington regarding pending legislation under the Durbin amendment.  Among other things, this legislation affects the amount of money your bank receives from the retailer when you use your debit card to pay for the transaction. Many consumers may be surprised… Read More

The 5 Elements of Your Credit Score

Credit 101

The 5 Elements of Your Credit Score

The 5 Elements of Your Credit Score

Your credit score plays an integral role in your finances, influencing everything from your mortgage rates to your ability to secure a job or apartment. Given the weight your three-digit number carries, it’s important to know which factors are used to calculate your score—and which actions you can take to keep your credit rating healthy…. Read More

More Credit Card Debt Would Aid Economic Recovery

Credit Cards

More Credit Card Debt Would Aid Economic Recovery

More Credit Card Debt Would Aid Economic Recovery

Recent economic improvements have seen consumers use their credit card accounts slightly more often in recent months, but many are still cautious about carrying too much debt from one month to the next, according to a report from USA Today. As a result, the economy’s recovery isn’t coming quite as quickly as it could be…. Read More

Last Minute Father’s Day Gift Ideas

Personal Finance

Last Minute Father’s Day Gift Ideas

Last Minute Father’s Day Gift Ideas

If you haven’t gotten a Father’s Day gift by now, or dropped a card in the mailbox, it’s time to get with the program: Sunday is coming up fast, and Dad needs some appreciation…

Nationwide Foreclosure Filings Dip Once Again in May

Mortgages

Nationwide Foreclosure Filings Dip Once Again in May

Nationwide Foreclosure Filings Dip Once Again in May

On a year-over-year basis, the number of foreclosures filed across the country slipped 33 percent in May, down to 214,927 default notices, auctions and repossessions, according to the latest monthly statistics from the housing data monitoring firm RealtyTrac. That was also a 2 percent decline from April, but still, one in every 605 homes in… Read More

Lower Rates Cause Refinance Applications to Surge

Mortgages

Lower Rates Cause Refinance Applications to Surge

Lower Rates Cause Refinance Applications to Surge

The total number of mortgage applications surged 13 percent in the week ending June 10 largely due to a spike in refinances, according to the latest weekly data from the Mortgage Bankers Association. Refinance applications jumped 16.5 percent, while those for purchases climbed less dramatically, by 4.5 percent. [Article: Fannie Mae Introduces Incentives for Foreclosure… Read More

Senate Dems Urge Regulators To Go Tougher on Mortgage Middlemen

Mortgages

Senate Dems Urge Regulators To Go Tougher on Mortgage Middlemen

Senate Dems Urge Regulators To Go Tougher on Mortgage Middlemen

The fallout from the Robo-signing scandal continues, as a dozen Democratic senators sent a letter this week urging federal regulators to go public with their investigation into alleged abuses by mortgage servicers. The companies have been accused of faking signatures on documents in order to cover up massive problems in mortgage paperwork, which in some… Read More

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