Archive for December, 2010
Mortgage Fraud is reported to be about $11 Billion in 2010
In the last few years Mortgage fraud has been surging and is up over 20% since the lowest reported rates of 2009. A recent report by CoreLogic (...)
Credit Card Charge offs drop again in November signaling a stronger economy
A key indicator of the economic recovery is the slowing of credit card default and charge off rates. In recent months, charge offs have been (...)
Bank of America is Christmas Scrooge to one faithful mortgage customer
Just when you thought Bank of America couldn’t possibly screw up its image anymore than they already have, they do it again. The timing on (...)
The FHA has made major Home Loan qualification changes for 2011
If you are thinking of purchasing a home in 2011 with a FHA loan, then you need to take a careful look at some recent changes (...)
Simmons Student Visa Card passes the test
If you’re a student looking for a credit card that shows you a little respect, then check out the Simmons Visa Platinum card. This card does not (...)
Home Equity Rates are still near Historic Lows
For homeowners who have been thinking of getting a home equity loan and who are also trying to bottom fish for the lowest rates, now may be (...)
Getting smart about Cash Advance Loans
Everyone knows that taking out a cash advance loan is expensive and puts you instantly in the hole so to speak with fees and expensive (...)
Mortgage Interest Rates are going up, but why?
In the last 6 weeks, to the horror of many, mortgage rates have been steadily rising. In the last week rates reached the 5% mark for a (...)
Bank of America Resumes Foreclosures
Bank of America, after spending the last several months reviewing its foreclosure policies, has resumed filings with more than 16,000 cases. Since the October temporary foreclosure ban, (...)
Bank CDs can’t match inflation
These days the interest you can earn from almost all bank CDs is laughable. Rates for CDs have been dropping the last few years and (...)
