Mortgage Delinquencies Hit a 5-Year Low

Mortgages

Mortgage Delinquencies Hit a 5-Year Low

Mortgage Delinquencies Hit a 5-Year Low

Foreclosures and delinquencies in the housing market have dropped to levels as low as before the recession, according to the most recent Mortgage Bankers Association’s National Delinquency Survey. The percentage of mortgages with at least one late payment dropped to a five-year low last quarter, with 6.41% of all outstanding home loans in delinquency. The... Read More

Gift Cards: Not So Lame Anymore

Personal Finance

Gift Cards: Not So Lame Anymore

Gift Cards: Not So Lame Anymore

Gift cards have become an increasingly popular and acceptable holiday gift, and shoppers are planning to spend more this year on these little plastic presents than ever before. There are a lot of reasons for that, starting with the idea that holiday sales will be slightly higher than they were last year, according to the... Read More

Caught in a Data Breach? Don’t Ignore It

Identity Theft

Caught in a Data Breach? Don’t Ignore It

Caught in a Data Breach? Don’t Ignore It

I was recently among a group of professionals discussing the latest information to surface about the Adobe Systems data breach. The company announced in early October that hackers had accessed 2.9 million customer accounts, compromising user names, passwords and encrypted credit and debit card numbers. The number of accounts compromised has been revised to 38... Read More

5 Habits Common Among the Rich

Personal Finance

5 Habits Common Among the Rich

5 Habits Common Among the Rich

Eat less junk food. Exercise daily. Sounds like a recipe for getting fit, right? Those habits may also be key to becoming financially healthy, says Tom Corley, who interviewed 233 wealthy individuals and 128 poor ones during a five-year period, gathering data on more than 200 activities each group engaged in. He shares his findings... Read More

Auto Loan Balances Are at an All-Time High

Auto Loans

Auto Loan Balances Are at an All-Time High

Auto Loan Balances Are at an All-Time High

Auto loan balances increased more than $100 billion in the past year, with outstanding loan balances reaching $782.9 billion in the third quarter of 2013. That’s a new high for auto loan balances, according to Experian Automotive, which started reporting the data seven years ago. Not only are consumers increasingly taking on car loans, they... Read More

American Homeownership Took a Dive Post-Recession

Mortgages

American Homeownership Took a Dive Post-Recession

American Homeownership Took a Dive Post-Recession

Median home values took a hit across the U.S. following the recession, particularly in the most populated areas of the country. In fact, only four of the 50 least populous counties saw significant slides in median home values in the years following the recession, compared to 43 of the 50 most populated counties that experienced... Read More

Is There a Best Time to Buy a Home?

Mortgages

Is There a Best Time to Buy a Home?

Is There a Best Time to Buy a Home?

Timing is critical when it comes to buying a home. There are myriad sites, seminars and real estate sages out there offering the inside scoop on how to land the best deal. You could spend hours combing through articles and talking to experts. Or you could save yourself a lot of time and trouble and... Read More

What’s the Future of Fraud?

Identity Theft

What’s the Future of Fraud?

What’s the Future of Fraud?

What do you get when you bring together a roundtable of experts who’ve got their finger on the pulse of fraud trends in the U.S.? A room full of people empowered to protect their identities — and spread the word among friends and colleagues. Herb Weisbaum, The Consumerman on NBCnews.com, led the “Fast Forward: 2013... Read More

Giving Gifts? You May Get a Tax Bill

Personal Finance

Giving Gifts? You May Get a Tax Bill

Giving Gifts? You May Get a Tax Bill

Did you know that when you give gifts to your family, friends, and loved ones that the IRS has an interest in it? It’s true. While the IRS doesn’t care a lot about the sweater you gave to your cousin or the cheese-of-the-month club membership for your granddad, these gifts are always potentially subject to... Read More

5 Gifts Almost Everyone Will Love

Personal Finance

5 Gifts Almost Everyone Will Love

5 Gifts Almost Everyone Will Love

Gift shopping can be complicated. First, you have to know what people like, and for some friends and family, it’s trickier to find a store or product that suits their style. Then you have to find a good gift, which often leads to frantic Internet browsing, calling every shop within driving distance, scouring department store... Read More

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