Fortunately, if your credit score has taken a hit, you can initiate several actions that will begin improving it almost immediately. Just be aware that it can take many years to recover from severe credit-damaging situation such as bankruptcy or foreclosure.
"Financial Justice" is the untold story of how a diverse group of progressive organizations took on the powerful financial lobby, pushed Congress to create a strong new consumer protection agency, and against the odds, and won.
Wall Street banks have the right to express their views to lawmakers and regulators through lobbying, but the law is clear: If they want to influence lawmakers, they must disclose their lobbying expenditures.
Good news for people shopping for a mortgage -- and for current homeowners facing foreclosure because they can no longer afford their home loan: New mortgage regulations recently took effect and they provide a slew of new rights and protections for consumers.
Even when Republicans weren't shooting at their own feet this week, it appears they were conducting a circular firing squad instead. The 2014 campaign, in other words, is off to a raucous start... and it's only February.
Anyone who's ever been asked to step in and manage their parents' or someone else's personal finances can tell you that it's an awesome responsibility -- and by "awesome," I don't mean "totally cool." It's more like "inspiring an overwhelming feeling of fear."
Service members, veterans and military families across the country are starting to worry about how these changes and how this new classification of mortgages might impact their ability to use their VA home loan benefits. Here's the good news: You have nothing to worry about.
The difficulties borrowers face when trying to shop for a mortgage could be fixable by changing the disclosure rules, but certain market practices also need to be changed. The key to a fix is to make appraisals portable.