All Articles
Government-sponsored mortgage modifications

HAMP Mortgage-Mod Rules Eased, More Write-Downs Eyed

The Obama Administration is again giving a boost to its much criticized foreclosure rescue campaign by easing mortgage modification rules, tripling incentives to participating lenders and possibly getting Fannie ...
U.S. Attorney General Eric Holder

AG: 11 Institutions Subpoenaed in Mortgage Securities Probe

Eleven financial institutions were recently issued subpoenas related to a newly expanded federal-state effort to crack down on misconduct in the mortgage-backed securities market, U.S. Attorney General Eric Holder ...
International money transfer counter in Miami. (Photo: Associated Press)

New U.S. Disclosure Rules Set for International Money Transfers

New rules for international money transfers by U.S. remittance providers generally require full disclosure of the exchange rate and all fees associated with a transfer. The new rules also require remittance transfer ...
Airline taxes and fees

Airlines Must Now Reveal Taxes, Fees in Quoted Fares

Advertised airfares by airlines and travel agents – in print, on television and online – must include all mandatory taxes and fees, including baggage fees, under new U.S. rules taking effect today to help consumers ...
New home sales

New Home Sales for 2011 Fall to Lowest on Record

Sales of new single-family homes fell 2.2 percent in December, topping off 2011 as the worst year on record based on existing U.S. housing data since 1963. The Commerce Department said that 302,000 new homes were ...
Mortgage rates

30-Year Mortgage Reverses, Up to 3.98% on Positive Data

The 30-year fixed-rate mortgage averaged 3.98 percent over the last seven days, reversing its previous three-week trend of setting all-time record lows, according to Freddie Mac. Housing market data showed a somewhat ...
Foreclosures

Foreclosures 20% of U.S. Sales in 3Q, Average Price $165,322

Sales of homes in some phase of foreclosure, or those bank-owned, accounted for 20 percent of all U.S. sales in the third quarter of 2011, down from 22 percent of all sales in the second quarter, according to RealtyTrac, ...
Federal Reserve

Fed Extends Near-Zero Rate ‘Through Late 2014’

The Federal Reserve will hold its benchmark federal funds rate at zero to .25 percent “at least through late 2014,” concluded its monetary policy-setting committee after citing a U.S. economy that has expanded ...
Cash purchases

Debit Card Use Wavers as Cash Stages Comeback: Survey

Consumers may be returning to the simplicity of paying with cash, and wavering on the use of debit cards, as new regulations have created a confusing purchasing environment. A report by Javelin Strategy & Research ...
Pending home sales

Pending Home Sales Dip, But Trend Still Positive, Realtors Say

Pending home sales dipped in December after reaching a 19-month high, but remained above year-ago levels, according to the National Association of Realtors. The NAR’s Pending Home Sales Index, an indicator based ...
© 2012 ecreditdaily.com. All rights reserved. · About Us · Terms of Use · Privacy Statement · Entries RSS · Comments RSS
Powered by WordPress