The Latest Debt & Finance Blog
The Credit CARD Act of 2009 was supposed to help borrowers who do not work outside the home, but one interpretation is cutting the access those potential borrowers have to credit. One lawmaker describes this as a return to the “dark days” of lending when women were disenfranchised.
The Federal Housing Administration (FHA) recently developed a program to help homeowners facing possible foreclosure and to prevent an excess of defaulted mortgages and home loans. The new program, known…
Taxpayer-owned mortgage lender Fannie Mae wasn’t happy with how Bank of America serviced its mortgage loans and decided to find another partner. But instead of taking the loans back — as it could have under the agreement — Fannie Mae instead paid BOA millions for the right.
American seniors are fighting an ongoing battle as they try to cope with medical expenses on top of an already high cost of living. A recently published study has revealed…
As millions of Americans struggle to keep up with monthly expenses in a tough economy, consumers in search of automobile loans are in for some good news: not only have…
A relationship between debt collectors and district attorneys that allows for the use of D.A. letterhead in the collections process shouldn’t be considered sound policy. It’s just too cozy.
America’s seniors were once considered among the most financially secure, with retirement at the top of the agenda. By the time people reached their 50s and 60s, Social Security and…
As a record number of borrowers default on their student loans, a new poll shows that those who haven’t paid off their loans want their lenders to forgive the debt.…
“It’s the economy, stupid,” was the mantra of Bill Clinton’s successful 1992 presidential campaign. At a time when the country was recovering from two-and-a-half quarters of recession and with unemployment…
It may seem ideal to refinance a mortgage or obtain a home equity line of credit (HELOC) at a time while interest rates are at an all-time low, but some…