Obama: Refi Plan Saves ‘Underwater’ Borrowers $3,000 A Year
In a sweeping new plan to help millions of “underwater” homeowners, President Obama today said borrowers can save $3,000 a year on average if Congress approves his program with a price tag of $5 billion to $10 ...
Foreclosure Sales Rate 4 Times Faster in Non-Judicial States
The foreclosure crisis is very much a tale of two states – judicial versus non-judicial.
In the 23 states were a judge has the final say, the foreclosure pipeline has stalled, compared to the 27 states with a ...
U.S., Big Banks Close to Settling ‘Robo-Signing’ Foreclosure Mess
A long-anticipated settlement between major banks and the federal government over “robo-signing” – or fraudulent foreclosure documentation – is very close, according to Housing Secretary Shaun Donovan.
In ...
JPMorgan Chase Lending Grows As Charge-Offs Fall 43% in 2011
JPMorgan Chase, the nation’s largest bank by assets and top credit card issuer, saw its profit drop 23 percent in the fourth quarter, mainly from falling trading and investment bank revenue.
But its loan business, ...
Chase, Citi and Capital One Vie for Sign-Ups to $100 ‘Cash Back Bonus’
You’ve probably already seen the promotion in your e-mail inbox, your actual mailbox or on countless website ads: A $100 “cash back bonus” if you sign up for a credit card.
Three of the biggest card issuers ...
Chase Adopts Pew’s Short, Concise Checking Disclosure Form
JPMorgan Chase has voluntarily adopted a shorter and more concise checking account disclosure form proposed by a prominent nonprofit organization, Pew Charitable Trusts.
The summary document was created to help ...
Obama Cites Chase for Poor Job in Mortgage-Mod Program HAMP
JPMorgan Chase was singled out by administrators of the Obama Administration’s mortgage modification program for needing “substantial improvement” in helping homeowners avoid foreclosure.
The U.S. Department ...
Balance Transfer Day: Be Careful With This Credit Card Strategy
The latest anti-big bank crusade is called Balance Transfer Day and urges consumers to ditch high-interest credit cards and move into promotional zero-percent cards from smaller institutions.
The Facebook page for ...
Mass. State AG Sues Big Banks for ‘Illegal, Deceptive’ Foreclosures
Five of the nation’s largest lenders – Bank of America, Wells Fargo, JP Morgan Chase, Citi, and Ally Financial’s GMAC Mortgage unit – are targeted in a lawsuit brought by Massachusetts Attorney General ...
Credit Card Deals: Wisely Use Balance Transfers, Bonus Rewards
For the consumer in good credit standing, there is much to celebrate this Black Friday/Cyber Monday holiday shopping period, including strategies that can save you money on your credit cards.
You may have noticed ...
