Author Archive for Tconsoli
Program Will Pay Homeowners to Sell at a Loss
In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave.
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Lower interest rates? Not in the (credit) cards
It sounds like a victory for credit card users — a rule that would require banks to review any interest rate hikes every six months, and lower rates when appropriate.
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Can’t make your mortgage? Get an emergency loan
The jobless may not be getting much help from President Obama’s loan modification program, but those in Pennsylvania have another place to turn.
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Home-Saving Loans Afoot
Pressure is growing on U.S. banks to ease terms for distressed homeowners on home-equity loans and other second-lien mortgages.
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Dilemma: Pay off your mortgage or invest?
This is the time of year when clients ask what to do with their tax refunds. Many consider whether they should pay extra toward their mortgage or add to their investment portfolios.
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The recession has hurt many people’s credit scores. How to fix it?
The recession may have done a number on your credit score, even if it spurred you to reform spendthrift ways and cut up your credit cards.
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Lawmaker Is Working to Improve Loan Modifications
A key lawmaker is working with banks, regulators and the Obama administration on a new way to boost the government’s struggling foreclosure prevention effort by encouraging banks to reduce the total amount borrowers owe.
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Giant bank, giant struggle in providing mortgage help
Two years after swallowing the troubled mortgage giant Countrywide Financial, Bank of America trails other major U.S. lenders in resolving troubled home loans through short sales or modified loan terms.
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Credit card reforms cause changes for customers, application age limit raised
The CARD Act, which changes the earliest age consumers can apply for credit cards from 18 to 21, is beginning to affect college students across the country since it went into effect on Feb. 22.
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Saturday mail delivery may be cut in 2011
Neither rain nor sleet nor snow can stop the U.S. mail. But the Internet can. And a bum economy helps.
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Are banks delaying foreclosure sales in your condo or homeowner community?
A new ruling by a South Florida Circuit Court shows banks may be held financially accountable for purposely delaying foreclosure sales
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