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Consumer Borrowing


Home Prices Projected

to Increase 3.9%

(Annualized) Over 5 Years


»» Mortgage Rates Rise for Second Week;
30-Year Fixed Rate at 3.51%

»» Mortgage Applications Dive on Higher Interest Rates

»» Credit Scores: Consumers 'Severely Disadvantaged'

»» Few Home Loans OK'd with Credit Scores Under 680

»» Installment Loans: Deceptive with Triple-Digit Rates

»» Many Homebuyers Don’t Know Mortgage Basics

»» Mortgage Late-Pays Up; Fewer Foreclosures

»» U.S. Widens Review of Auto Lenders, ‘Add-Ons’

»» U.S. Auto, Truck Sales Surge as Loans Get Longer


Foreclosure Settlements


Rust Consulting Feels

Heat from Payout

Recipients, Lawmakers


»» Several States Respond to Violations of National Mortgage Settlement

»» IFR Checks Cashed $2B; NMS Checks Mailed: 0

»» Rust: 96,000 IFR Check Recipients Underpaid

»» First NMS Payments Pushed Back to 'Mid-2013'

»» June 25 Deadline in Wells Fargo Biased-Lending Case

»» Goldman Sachs, Morgan Stanley to Send $247M

»» Democrats Push for IFR ‘Independent Monitor’

»» Mystery Deepens Over Review 'Error Rates'

All Articles: Independent Foreclosure Review, National Mortgage Settlement


Student Loans


House Democrats Decry

Market-Based Rate Plan


»» Feds Earn Exxon-Like Profit from Student Loan Interest Rates

»» Obama Market-Rate Plan Gets GOP Support

»» Student Debt Can Hinder American Dream, Economy

»» Should Students Get Same Rate as Banks (0.75%)

»» Engineering Colleges Offer Best Return on Cost

»» Florida OKs Online Degrees, Pushes Lower Fees

»» Student Loan Debtors Retreat from Markets

»» IBR Makes Repaying Student Loans Easier


Small Business Trends


We’re All Closer

to Paying More

for Online Purchases


»» Is Online Sales Tax Fair to Consumers?

»» Sales-Tax Aside, Amazon Plows Forward

»» eBay Wants to Derail Online Sales Tax

»» Loan Approvals Higher at Smaller Banks

»» Banks Paid Back Bailouts Over Lending


Consumer Protection

Top Headlines



Latest HAMP Update:

Mortgage Re-Defaults Up

57% from Year Ago


»» HARP Refinances Surpass 2.3M as Those Deeply ‘Underwater’ Benefit

»» Home Builders: Thin Inventories Spur ‘Sense of Urgency’

»» Home Prices See Biggest Annual Gain Since May 2006

»» Consumer Credit Sets New High at $2.8T; Growth Eases

»» Homeownership Rate at 65%, Lowest Since 3Q 1995


More Headlines

»» FDIC Gets Tougher on Deposit Advance Loans

»» Foreclosures Down 52% Since Crisis Peak in 2010

»» Mortgage Write-downs Could Help 1.2M Borrowers, Save Taxpayers $2.8B: CBO

»» Tight Inventories Favor Home Sellers

»» New Home Sales See Best Quarter Since 2008

»» Obama’s Mortgage-Mod Defaults ‘Alarming’

»» 401(k), IRA Fees are Eating Away at Your Savings

»» FHA to Require $943M in First-Ever Bailout

Tags: Housing Market, Auto Loans, Interest Rates, Financial System Reform, Mortgage Relief, Student Loans, Credit Delinquencies


Personal Finance


Visa Card Spending Up

as Mobile Use Looms Large


»» Credit Card Qualifying is Now Easier for Stay-at-Home Spouses

»» Reverse-Mortgage Delinquencies Up,
But Counseling Can Help

»» ‘Pre-Opening’ Fees is Where CARD Act Failed

»» Bank Payday Loans: 300% APR, Overdraft Fees

»» New VantageScore 3.0 Could Help Those
with Little Credit, Hardships

»» FICO Wants to Help Lenders Extend Credit to ‘Underbanked’ Consumers

Tags: Credit Reports, Credit Score, Investing



More on Independent Foreclosure Review


IFR Borrowers Grapple

with Credit Report Fixes


»» Democrats Fight Back at Refusal by Regulators to Release Reviews

»» Borrowers Mull ‘Class Action’ Over IFR

»» GAO: Reviews Were Unwieldy, Poorly Run

»» Lawsuit Seeks ‘Independent’ Facts Behind IFR

»» Lawmakers Seek Updates on Payouts, Assistance

»» IFR Payouts Mostly in $500 to $6,000 Range

Tags: Independent Foreclosure Review, National Mortgage Settlement, Mortgage Relief

More on National Mortgage Settlement


Who’s Grading the

5 Big Foreclosure-

Settlement Banks?


»» Banks Violating Settlement Rules: Counselors

»» Issues with Banks ‘Occurring All Too Often’

»» Are Short Sales Right Relief for So Many?

»» Complaints Surge 50%, Settlement's Overseer Says

»» Banks in Settlement Play ‘Shell Game’ with 2nd Mortgages; Guess Who Wins?

Tags: Independent Foreclosure Review, National Mortgage Settlement, Mortgage Relief

Consumer Finance Reform





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Student Loans: House Democrats Decry Market-Based Rate Plan

Republicans are siding with President Obama. Democrats are opposing both. The fight over controlling student loan interest rates is making for strange politics as the July 1 deadline approaches for the doubling ...
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U.S. Agency Targets Texas Builder in Mortgage Kickbacks Case

In taking action against a Texas builder, the U.S. Consumer Financial Protection Bureau is demonstrating its new authority over a federal law that aims to rein in any fees or kickbacks from referring real estate ...
housing-market

New Housing is ‘Juice’ for Economic Recovery, Freddie Mac Says

The new outlook for housing this month from Freddie Mac puts it succinctly: New home construction is the juice for economic recovery. Questions regarding the housing recovery’s sustainability remain. But the ...
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FHA Tries to Undo $5B Hit from Reverse-Mortgage HECM Program

The Federal Housing Administration has lost about $5 billion from its reverse mortgage program and needs to make changes to preserve the increasingly risky option for senior homeowners. Housing officials told members ...
home-prices

Home Prices Projected to Rise 3.9% (Annualized) Over 5 Years

After a dizzying year of home price gains in 2012, the housing market is poised to cool down somewhat nationally as prices are projected to rise 2.5 percent this year — but at a 3.9 percent annualized rate ...
mortgage-rates-page

Mortgage Rates Rise for 2nd Week; 30-Year at 3.51%

Fixed-rate mortgages increased for a second straight week,  following higher U.S. Treasury bond yields and more positive economic news, said Freddie Mac. The 30-year fixed rate jumped from 3.41 percent last week ...
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Oklahoma’s Own Mortgage Settlement Trumps National Pact’s Payouts

The $25 billion National Mortgage Settlement was reached early last year between the five big banks and 49 state attorneys general, but it seems that the lone holdout — Oklahoma — is drawing bigger payouts ...
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Subaru Forester Beats Popular Rivals in New Crash Test, IIHS Says

The most popular, small crossover SUVs couldn’t compete with the Subaru Forester and the Mitsubishi Outlander in the newest front crash testing by the Insurance Institute for Highway Safety (IIHS). The IIHS ...
CONSTRUCTION

Home Builders: Thin Inventories Spur ‘Sense of Urgency’ from Buyers

Builder confidence in the housing market for single-family homes surged this month as urgency is creeping into low-inventory, high-demand areas. The index from the National Association of Home Builders and Wells ...
student-loan-profit

Feds Earn Exxon-Like Profit from Student Loan Interest Rates

It’s not exactly news that the government, the Department of Education to be exact, is raking in lofty profits from student loan interest rates and making good on collecting from those who default on federal ...
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