The Latest Debt & Finance Blog
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…
Attention moms and dads: your teens are counting on you for more than a few bucks for a movie or some new clothes. They’re depending on you to pay for…
Good news is on the way for homeowners who held home equity lines of credit (HELOCs) with Citibank. Many customers’ HELOCs were suddenly suspended or canceled over the last four…
What started as a legitimate attempt to prevent identify theft has instead resulted in a ripe opportunity for criminal activity. According to recent reports, for as little as $10, criminals…
To the delight of consumer advocates, several American banks will be discontinuing controversial add-on products such as payment protection and debt protection in the coming year. Bank of America After…
As housing values inch their way up ever so slowly and the real estate market begins to recover, higher prices may actually make it a bit harder for some Americans…
A recent study found that nearly half of all Americans live comfortable lives during retirement but die with little money in the bank. According to the nonprofit National Bureau of…
As the nation works to recover from a struggling real estate market, an innovative program called CityLIFT has been unveiled in an effort to boost homeownership. The program will benefit…
New guidelines are in the works to help relieve millions of Americans trapped by underwater mortgages, meaning they owe more than their homes are worth. The Federal Housing Finance Agency…
An increasing number of seniors are becoming the target of predatory swindlers who come in two forms: those who convince seniors to make large financial investments based on bogus schemes…
Sources:
- McQueen, M.P. (2011 February). Newest homeowner headache? 'Robo-appraising'. MSN Real Estate. Retrieved from http://realestate.msn.com/article.aspx?cp-documentid=27631362
- MacLean, P.A. (2012, August 31). Citibank Settles Home Equity Borrower Class Case. Retrieved from http://www.trialinsider.com/?p=2110