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Saturday, May 21, 2011
Mortgage rates dip again to 4.61% for 30-year fixed - chicagotribune.com
NYTimes: Counseling Before Borrowing
MORTGAGES: Counseling Before Borrowing
Nonprofit agencies say that home buyers who undergo prepurchase counseling are less likely to lose their homes because of a bad mortgage product.
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Friday, May 20, 2011
NYTimes: A Plan to Cut Mortgage Paperwork
BUCKS BLOG: A Plan to Cut Mortgage Paperwork
The new Consumer Financial Protection Bureau is trying to reduce mortgage paperwork by combining disclosure forms.
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NYTimes: At a Time of Needed Financial Overhaul, a Leadership Vacuum
DEALBOOK: At a Time of Needed Financial Overhaul, a Leadership Vacuum
The financial regulatory system was remade under Dodd-Frank and requires strong leaders, but five major bank regulatory positions are either unfilled or staffed with acting directors.
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Thursday, May 19, 2011
NYTimes: About That Checking Account
EDITORIAL: About That Checking Account
Checking account holders are in desperate need of government protection from unreasonable late fees and other costly traps.
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NYTimes: As Stimulus Nears End, Fed Signals Focus on Rates
As Stimulus Nears End, Fed Signals Focus on Rates
A majority of Federal Reserve policy makers said that the best next step to stimulate the economy would be to reduce the balance sheet
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Wednesday, May 18, 2011
NYTimes: Consumer Bureau Plans New Mortgage Form
DEALBOOK: Consumer Bureau Plans New Mortgage Form
The new federal consumer watchdog announced plans to revamp crucial mortgage documents that have long confused would-be home buyers.
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NYTimes: Will the Banks Finally Have to Answer?
EDITORIAL: Will the Banks Finally Have to Answer?
The New York attorney general should push hard for clarity and justice in the mortgage mess and financial crisis.
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NYTimes: How to Dispute Credit Report Errors
BUCKS BLOG: How to Dispute Credit Report Errors
The right way to dispute errors on your credit report and be your own advocate.
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Tuesday, May 17, 2011
NYTimes: New York Investigates Banks’ Role in Fiscal Crisis
New York Investigates Banks' Role in Fiscal Crisis
The New York attorney general has requested information from three major Wall Street banks about their mortgage securities operations during the credit boom.
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Monday, May 16, 2011
Sunday, May 15, 2011
The Washington Post: How ending tax breaks would affect your wallet
How ending tax breaks would affect your wallet
http://wapo.st/m48LuU
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Article: Bankrupt homeowners shed second mortgages
Bankrupt homeowners shed second mortgages
http://www.northjersey.com/realestate/121849194_Second_mortgages_shed__through_bankruptcies.html?scpromo=1&c=y
(Sent from Flipboard)
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NYTimes: Financing Foreclosed Homes
MORTGAGES: Financing Foreclosed Homes
For would-be owner-occupants without cash, the federally insured 203(k) loan is key.
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NYTimes: A Low Bid for Fixing a Big Mess
FAIR GAME: A Low Bid for Fixing a Big Mess
Although the Raj Rajaratnam trial garnered most of the attention on Wall Street last week, making the foreclosure fiasco go away remained bankers' biggest worry.
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NYTimes: Inflation and Economic Hooliganism
FIRST: Inflation and Economic Hooliganism
Not happy with the U.S. exporting inflation to the rest of the world? Tough.
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NYTimes: Credit Error? It Pays to Be on V.I.P. List
Credit Error? It Pays to Be on V.I.P. List
The major credit bureaus keep a list of boldface names, consumer lawyers say, and those people get special help in fixing mistakes on their credit reports.
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NYTimes: Rich and Sort of Rich
Rich and Sort of Rich
How $250,000 a year become the dividing line between the haves and have-nots.
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