The dominant credit rating agencies used risk models that turned out to be inaccurate, derived from faulty data on subprime, interest-only and other high risk mortgages that came to dominate the housing market, ...

A troubling “payment hierarchy” may be here for a while, according to a new study by TransUnion, which reveals that consumers pay their credit cards before their house payment – and more are delinquent ...

In new policies aimed at bolstering its depleted reserves, Federal Housing Administration officials today announced tougher measures for borrowers, including higher mortgage insurance premiums, tighter credit scoring ...

The Federal Housing Administration, its funds almost depleted from the mortgage lending crisis, is seeking approval for new policies that would require higher minimum credit scores, more upfront cash and higher ...

The Federal Reserve wants “Black Weekend” shoppers to use their credit cards wisely, so it is placing 45-second ads to drive the message home in movie theaters through Dec. 3. The ads will appear before ...

Choosing the right credit counseling service is a process that is rife with complexity, emotion and, sometimes, outright scams. The Federal Trade Commission, the nation’s consumer protection agency, has provided ...

As creditors tighten their standards – canceling underused accounts and lowering credit limits  – it is now more important then ever to monitor your credit scoring and carefully manage your credit debt. Credit ...