He Robbed a Bank With A Pencil. Now He’s Going to Prison.

Mortgages

He Robbed a Bank With A Pencil. Now He’s Going to Prison.

He Robbed a Bank With A Pencil. Now He’s Going to Prison.

The man who founded what was once among the nation’s largest mortgage lending companies was found guilty this week of numerous counts of fraud by a federal jury in Virginia, having cheated investors and the federal government out of $2.9 billion. Lee B. Farkas, former chairman of Taylor, Bean & Whitaker, “masterminded one of the… Read More

Financial News Roundup: Purchasing Sufficient Insurance Coverage, Fewer Americans Hold Stock

Personal Finance

Financial News Roundup: Purchasing Sufficient Insurance Coverage, Fewer Americans Hold Stock

Financial News Roundup: Purchasing Sufficient Insurance Coverage, Fewer Americans Hold Stock

Today’s top news headlines feature new rules voluntarily imposed on staff by for-profit colleges and advice about ensuring homeowners insurance coverage is adequate. Plus, find out why fewer Americans are investing in the stock market. Too Few Americans Carry Adequate Homeowners Insurance The Wall Street Journal Americans are being urged to take a thorough look… Read More

Follow Friday: Weekly Web Roundup (4/21/11)

Personal Finance

Follow Friday: Weekly Web Roundup (4/21/11)

Follow Friday: Weekly Web Roundup (4/21/11)

We’re happy to bring you this week’s roundup of our favorite blogs! We included stories on the triumphs of practical lending, downfalls of credit dependency, and the new more positive sentiment toward banks. As always, if you enjoy any of our favorites, we encourage you to follow them on Twitter for regular updates. And don’t… Read More

Update: The Latest on Foreign Transaction Fees

Credit Cards

Update: The Latest on Foreign Transaction Fees

Update: The Latest on Foreign Transaction Fees

For those of you who travel frequently overseas, you know that foreign transaction fees add up quickly. These fees are usually between 2 to 3 percent of your purchase. Credit card issuers charge this fee for any transaction made in a foreign currency or on purchases that involve a foreign bank. What many consumers don’t know,… Read More

Nationwide Mortgage Delinquency Slips Significantly in March

Mortgages

Nationwide Mortgage Delinquency Slips Significantly in March

Nationwide Mortgage Delinquency Slips Significantly in March

The overall rate of U.S. mortgage delinquency – those loans that have fallen 30 days or more behind on payments but have not yet been placed in foreclosure – fell to 7.78 percent during the month of March, according to the latest “first look” statistics from Lender Processing Services, which mined the figures from a… Read More

FICO Releases Research to Profile Strategic Defaulters

Mortgages

FICO Releases Research to Profile Strategic Defaulters

FICO Releases Research to Profile Strategic Defaulters

Many of us probably know someone who has lost their home in this economic downturn, and therefore can empathize with whatever situation—whether they lost their job or were a victim of predatory lending—made it nearly impossible for them to stay current on their credit obligations (mortgage as well as credit cards, auto loans, etc.). At… Read More

Financial News Roundup: Americans Oppose Certain Budget Cuts, Fewer Boomers Leave Money to Kids

Personal Finance

Financial News Roundup: Americans Oppose Certain Budget Cuts, Fewer Boomers Leave Money to Kids

Financial News Roundup: Americans Oppose Certain Budget Cuts, Fewer Boomers Leave Money to Kids

Today’s top news headlines feature the results of a new poll highlighting Americans’ feelings toward certain budget cuts and strategies some companies use to keep employees happy. Plus, find out why fewer baby boomers plan to leave their money to their children. Americans Disapprove of Slashing Medicare, Other Services The Washington Post The results of… Read More

Foreclosure Scammers Forced to Repay Victims $2.3 Million

Mortgages

Foreclosure Scammers Forced to Repay Victims $2.3 Million

Foreclosure Scammers Forced to Repay Victims $2.3 Million

A company that falsely claimed it could help homeowners avoid foreclosure—and charged up to $2,500 for the phantom service—must repay all its victims, according to the Federal Trade Commission. The company, Florida-based Home Assure, stole between $1,500 and $2,500 from each victim. Now those victims—1,410 in all—are getting their money back. The FTC began mailing… Read More

Show Me More

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

Sign Up Now
X

Start Maximizing Your Credit Today

Credit ScoreGet a FREE personalized credit check-up today.

Get Started - It's Free!