If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Policyholders Must Continue to Fight for Compensation, Says Law Firm Clarke Willmott
In a damning report to be laid before MPs today, the Parliamentary Ombudsman has slammed financial regulators for their serial failure in the financial regulation of Equitable [...]
Baby Boomers Start a Second Life
As more than 76 million baby boomers, that’s more than one-quarter of the US population, enter their 50’s and 60’s they are confronting the “r” word … retirement. But theirs is a generation of over-achievers; a generation that will not stop working altogether in the traditional sense — nor [...]
Mortgage rates moved lower once again, with the average conforming 30-year fixed mortgage rate falling to 6.48 percent. According to Bankrate.com’s weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.37 discount and origination points.
The average 15-year fixed rate mortgage popular for refinancing declined to 6.01 percent, while the [...]
A new study prepared by Ernst & Young reveals the percentage of middle-income Americans that will outlive their retirement savings and the major reduction in standard of living they will have to make to avoid outliving savings. The study provides national and state-by-state results. A telephone press briefing will be held to discuss the study’s [...]
Company Efforts Geared Toward Stabilizing Key Market Segments and Increasing Rental Housing Opportunities
Amid stress in the capital markets and a downturn in the Commercial Mortgage Backed Securities market, Fannie Mae (NYSE:FNM) today announced that it will expand liquidity, stability and affordability by increasing its participation in key segments of the multifamily market. The [...]
Lower interest rates, fees, increased loan limits among changes
The nation’s college students and their parents will benefit from several major changes in the terms of federal student loans, according to USA Funds(R), the nation’s leading education loan guarantor.
“Lower interest rates and fees will reduce students’ costs of borrowing for college, while increased loan limits [...]
Home loan servicers and lenders are not working with borrowers who need loan modifications in order to keep their homes. In a third survey of California mortgage counseling agencies servicing homeowners statewide, the California Reinvestment Coalition (CRC) found that despite lenders’ promises to help borrowers, foreclosure is still the most common outcome for homeowners struggling [...]
Simple Microsoft Network Patches For ATMs Not Being Performed by Banks and Credit Unions
TraceSecurity, a leading provider of SaaS security compliance and risk management solutions, disclosed today that the case of Citibank customers whose funds were hacked via the connection between ATMs and third parties processing their PIN codes, are just the tip of [...]
Expands Search by More Than 4 Million More Homes, Increasing Redfin’s Reach by Almost 40% to 16 Million Homes
Online real estate broker Redfin Corporation today launched its real estate e-commerce service for the Chicago area, its eighth market overall and first new market in 2008. Redfin’s brokerage, headquartered in Schaumburg, Ill., now serves Cook [...]
The Federal Reserve Should Adopt Meaningful Rules
Americans 55 and over pay $4.5 billion in fees annually for overdraft loans they haven’t asked for and typically don’t want, a new study by the Center for Responsible Lending finds. Of that, nearly $1 billion is stripped from people heavily dependent on Social Security income.
The new report [...]