Saturday, October 1, 2011
NYTimes: A Rising Fear of an Extended Downturn
Half of those polled by the Conference Board say it is "hard to get" a job. That very pessimism may be hindering the recovery.
NYTimes: Question: Why Pay Bank Fees?
Moves by Bank of America and other banks to charge users a monthly fee are not surprising. But their customers don't have to take it lying down.
Friday, September 30, 2011
NYTimes: Banks to Make Customers Pay Fee for Using Debit Cards
Banks are imposing new charges on their customers to make up for the revenue they expect to lose because of a cap on what they can charge merchants for debit-card transactions.
Thursday, September 29, 2011
NYTimes: U.S. Mortgage-Aid Program Is Shutting Down, With Up to $500 Million Unspent
Congress set aside $1 billion for the Emergency Homeowners' Loan Program, but it might ultimately help only half the number of households it was expected to serve.
Wednesday, September 28, 2011
NYTimes: A $50 Billion Claim of Havoc Looms for Bank of America
A lawsuit by Bank of America shareholders is proceeding that claims the bank and its executives failed to disclose a $15.3 billion loss at Merrill Lynch before its acquisition.
Tuesday, September 27, 2011
NYTimes: Your Unreasonable Financial Expectations
If disappointment is an inevitable result of reality not living up to your financial expectations, doesn't that mean you should rethink them?
NYTimes: Freddie Mac Loan Deal Defective, Report Says
As a result of faulty methodology, the probable losses by Freddie Mac on mortgage loans it bought from Bank of America have increased significantly.
Monday, September 26, 2011
Sunday, September 25, 2011
NYTimes: Vetting the Lender
Industry experts suggest that borrowers focus more on the individual who would be their mortgage broker, loan officer or loan originator.
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