Bank of America

Good Customers Boost Bank of America, Citibank – So Why New Fees?

The formerly bailed-out big banks already had an image problem, along with the ire of the Occupy Wall Street movement, before October came along and the wrath of consumers escalated further. In rapid succession ...
IRS tax refunds

IRS: Inflation Spurs Tax Breaks From Exemptions, Deductions

Updated 03.29.2012: Most taxpayers will catch a break when filing this year in the form of higher personal and dependent exemptions that have been adjusted due to inflation, the Internal Revenue Service said. The ...
RentalHomes

Rental Housing Gains As Homeownership Dips: Freddie Mac

The rental market is one bright spot in an otherwise dismal housing industry with U.S. homeownership falling about 1.5 percent over the past year, according to a new study from Freddie Mac. Over the year ending ...

Mortgage Rates Set New Lows Again: 30-Year Fixed at 4.17%

Both key long-term mortgage rates resumed their record-setting ways this week with new lows:  the 30-year fixed at 4.17 percent and the 15-year fixed at 3.57 percent, according to Freddie Mac. The 30-year-fixed ...

Fixed Mortgage Rates Enter 7th Month Below 5%; New Lows for ARMs

Long-term mortgage rates remained flat this week, but entered a 7th consecutive month below 5 percent – while short-term adjustable rates continued to set new lows, according to Freddie Mac.  The most popular ...

Taxpayer Tab on Fannie, Freddie Could Hit $363 Billion: Regulator

The two mortgage financing giants under U.S. government control – Fannie Mae and Freddie Mac – could require a total of $363 billion in bailout funds by the end of 2013, a 145 percent jump from the current bailout ...

‘Robo’ Foreclosures? Bank Repos Set New High in September

Bank repossessions of U.S. homes surpassed the 100,000 mark in September for the first time, part of an overall increase of 3 percent in foreclosure activity compared to the previous month, according to a new report ...

Mortgage Rates Set Record Lows Again: 30-Year at 4.32%

The 30-year fixed rate mortgage this week tied its record low first set last month, falling to 4.32 percent from last week’s 4.37 percent — while the 15-year fixed rate set its own record at 3.75 percent, ...

Mortgage Rates Below 5% for 19th Week; 15-Year Sets New Low

The 30-year fixed mortgage rate nudged a little higher this past week to 4.37 percent, from the previous week’s 4.35 percent – but remained under 5 percent for the 19th week after setting record lows for most ...

Foreclosure Filings Up 4%; Bank Repos Hit New High in August

Bank repossessions – normally the final phase of a foreclosure – hit a record high in August for the third time in the last five months, according to RealtyTrac’s latest report on U.S. foreclosure activity. Lenders ...
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