iOS app Android app

Lenders

Credit Unions Can Help Ward Off Payday Lenders

Henry A. J. Ramos | Posted 12.09.2014 | Politics
Henry A. J. Ramos

Many consumers who can afford loans are denied the services they need and left in the hands of predatory lenders. Credit unions, as nonprofits with a commitment to their communities, are the right ones to bridge the divide.

Mortgage Modification Litigation Continues

Brad Reid | Posted 07.23.2014 | Business
Brad Reid

Statutory language may be narrowly interpreted by courts. Federal legislation may preempt state legislation. The "third wave" of mortgage modification litigation will likely continue for some time with lenders frequently prevailing.

How Your Credit Score and Credit Report Are Examined by Lenders

MyBankTracker | Posted 05.25.2014 | Money
MyBankTracker

Knowing the difference between a credit score and credit report can help you make the right financial decision when it comes to applying for lines of credit, and can also help you get better interest rates on loans.

The 4 Judgements Every Lender Makes Based On Your Credit

Credit.com | Posted 02.04.2014 | Business
Credit.com

Many people believe that the decision-making process for creditors boils down to just one thing: the credit score. Here's the thing, though: Credit scores are really nothing more than a naturally occurring byproduct of the financial lives we live.

Credit Relationships Are Contractual, Not Confidential

Brad Reid | Posted 01.30.2014 | Business
Brad Reid

When borrowing money, carefully understand the contract. Ignore oral statements and set aside ideas of "fairness." Rights and duties are controlled by contractual language.

Real Estate Pity Party

Lita Smith-Mines | Posted 09.08.2013 | New York
Lita Smith-Mines

Welcome, disillusioned buyers. You really shouldn't be here, should you? You saved your money and had 20 percent to put down. Yet you were trampled by the buyers with wallets full of cash snatching up investment properties.

Inside Manhattan's Real Estate Bubble: A Reality Check for Buyers...

Ron Gitter | Posted 09.01.2013 | New York
Ron Gitter

As we close the books on the first six months of the year, we find ourselves in one of the most treacherous market cycles in memory.

The Unclean Hands Doctrine Prevents Foreclosure Challenges

Brad Reid | Posted 06.23.2013 | Business
Brad Reid

Very recently the unclean hands doctrine is being applied to borrowers in situations in which a lender's conduct concerning a real estate mortgage is challenged by the borrower.

How Rich 'Moochers' Hurt America

Salon | Posted 03.22.2013 | Politics

These excessive private taxes or rents are costs on productive enterprise that can be as crippling as excessive public taxation. In American politi...

Study: Credit Agencies Give Many Americans Misleading Scores

Reuters | Posted 09.25.2012 | Money

(Reuters) - The credit scores that consumers buy from credit reporting agencies sometimes differ from the scores lenders see when deciding the terms o...

10 Things Credit Scores Don't Tell You

SmartMoney | ANNAMARIA ANDRIOTIS | Posted 07.30.2012 | Money

SmartMoney: The truth behind the numbers that can determine your financial fate. 1. "You may never know your real score." Roughly 200 million...

Foreclosure In America Is A 'Tale Of Two' Trends

AP | ALEX VEIGA | Posted 05.17.2012 | Business

LOS ANGELES -- National foreclosure trends took a positive turn in April, as the number of homes seized by banks declined and fewer properties entered...

Katy Perry Downloads And Stolen Cars: Putting The Foreclosure Mess In Perspective

The Huffington Post | Harry Bradford | Posted 01.18.2012 | Business

How rotten is the state of the U.S. housing market? A foreclosed home for every single person currently living in Denmark still wouldn't exceed the nu...

A Mortgage Horror Story

Ann Brenoff | Posted 03.18.2012 | Fifty
Ann Brenoff

Temporary relief for a temporary situation; isn't that precisely what the loan modification is suppose to address?

2011 Editor's Choice Awards, Part 1

Curtis Arnold | Posted 01.31.2012 | Business
Curtis Arnold

As we compiled our list of the best credit cards for this year's Editor's Choice Awards, we saw something we haven't seen much of from lenders over the past few years. Hunger.

EU Executive To Propose New Bank Fee Regulations

Posted 11.21.2011 | Business

The European Union's executive will propose new rules for bank fees after failing to persuade the industry to make its charges more transparent, a...

Report: Officials Working With Banks On Mortgage Refinancing Plan

Posted 12.18.2011 | Business

Officials and big banks are working on a plan that would make refinancing available to some borrowers whose houses are worth less than their loans...

Unrequited Loan: Banks Just Can't Seem to Commit...

Ron Gitter | Posted 11.13.2011 | New York
Ron Gitter

Thousands of residential co-op and condo loans close each day, but many of those loans have taken a great deal of time and effort to complete.

Lender "Screws Up," Others Can Learn From Its Mistakes

Jerry Chautin | Posted 10.17.2011 | Business
Jerry Chautin

Every bank has its own sweet spot for small-business loans and will look at your application somewhat differently. Find the right one and form a business relationship before applying.

Millions In Refund Checks Mailed To Countrywide Borrowers

AP | Posted 09.19.2011 | Business

WASHINGTON -- Hundreds of thousands of homeowners who took out mortgages with Countrywide Financial Corp. will soon receive their slice of a $108 mill...

Foreclosures Fell By Nearly One-Third In First Half Of Year

AP | By ALEX VEIGA | Posted 09.13.2011 | Business

LOS ANGELES -- The number of homes taken back by lenders in the first half of this year fell 30 percent compared with the same 2010 period, the result...

Foreclosure Notices Being Issued Via Facebook

Time | TARA-NICHOLLE NELSON | Posted 09.11.2011 | Business

The most distressing content most of us have ever seen on Facebook falls within the realm of the overshare: your boss's Vegas stag party pics, or your...

Europe Will Support Banks That Cannot Quickly Raise Enough Capital

Posted 09.07.2011 | Business

BRUSSELS (John O'Donnell) - European countries will support banks that fail stress tests if those lenders cannot raise capital from investors with...

Wells Fargo Now Offers Fixed-Rate Student Loans

Posted 08.08.2011 | Business

NEW YORK (AP) — Wells Fargo is hoping to make its student loans more attractive to families. The San Francisco-based bank says it is now offering...

WATCH: Man Receives Foreclosure Notice For $0.00

The Huffington Post | Harry Bradford | Posted 08.08.2011 | Business

Of all the foreclosure warnings issued during the housing crisis, perhaps oddest is the one demanding no money at all. Earlier this year, in North...