All Entries in the "Daily" Category
Gov’t mortgage plan aids 16 percent of borrowers
The Obama administration’s mortgage relief plan has helped only about 16 percent of borrowers who signed up since its launch last year, and hundreds of thousands of homeowners are in limbo without an answer.
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Broward denies Bank of America financing role in backlash against Big Banking
Broward County government is taking on Big Banking. Bank of America lost out on a role in financing a new courthouse in downtown Fort Lauderdale.
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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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