US housing regulator acted on ideology -lawmakers
February 9, 2012 By:Reuters
Two Democratic lawmakers on Wednesday accused the regulator of Fannie Mae and Freddie Mac from blocking the firms from reducing principal on the mortgages they back for ideological reasons.
Foreclosure Deal to Offer $17B Mortgage Relief
February 9, 2012 By:Bloomberg
A multistate settlement with five large U.S. banks over foreclosure practices would include as much as $17 billion in mortgage debt forgiveness and loan modifications and take three years to complete, according to a letter...
Bankruptcy lawyers: Student debt is looming economic bomb
February 8, 2012 By:USA Today
Student debt is looming as a national problem that could have repercussions reminiscent of the mortgage crisis, says a report by the National Association of Consumer Bankruptcy Attorneys
A Mortgage Tornado Warning, Unheeded
February 6, 2012 By:Gretchen Morgenson, NY Times
YEARS before the housing bust — before all those home loans turned sour and millions of Americans faced foreclosure — a wealthy businessman in Florida set out to blow the whistle on the mortgage game.
Do FHA Mortgage Borrowers Still Face Credit Score Layering?
January 17, 2012 By:Our Broker.com
“The investigations,” said HUD, “are in response to 22 complaints the National Community Reinvestment Coalition (NCRC) filed with HUD alleging that the loan activities of the mortgage originators showed that their home lending...
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Community Development
Study: Blacks are less segregated than ever before
(Published on January 31, 2012) By:USA Today
Black segregation from other racial groups has hit its lowest point in more than a century — declining in all 85 of the nation's largest metropolitan areas — but social and income inequality persist.
Texas Heat and Drought Caused by Global Warming, NASA's Hansen Says
(Published on January 31, 2012) By:Inside Climate News
For three months last summer, temperatures in Texas soared higher than at any time in recorded history, and the state is still coping with the most expensive drought in its history. But can the 2011 Texas heat wave be attributed...
How Credit Unions Support Community Development
(Published on January 30, 2012) By:US News and World Report
In many ways, credit unions are just like regular banks. They offer checking and savings accounts, loans, credit cards, and all the other financial products you’d expect, but there’s one characteristic that really sets them...
More Community Development NewsCommunity Reinvestment
The Bank That Works
(Published on January 30, 2012) By:Forbes
As financial services continue to struggle with credibility--and profitability--John Stumpf's Wells Fargo is quietly doing what banks are supposed to: opening accounts, making loans and issuing mortgages. He may even have a...
Fifth Third invests $200,000 in five community groups in Akron, Cleveland
(Published on January 27, 2012) By:Cleveland.com
CLEVELAND, Ohio -- Fifth Third Bank is awarding $200,000 in five Northeast Ohio non-profit community groups, the bank announced Thursday. The investments are going to three Cleveland-based groups: Esperanza Inc., Neighborhood...
Vermont gets $21.6M for flood-damaged communities
(Published on January 23, 2012) By:CBS News
MONTPELIER, Vt. — Vermont learned Friday that it will get $21.6 million in emergency funds— three times more than many expected it would get from a federal program — to help rebuild Irene-damaged communities. The state is among...
More Community Reinvestment NewsEconomy
US housing regulator acted on ideology -lawmakers
(Published on February 9, 2012) By:Reuters
Two Democratic lawmakers on Wednesday accused the regulator of Fannie Mae and Freddie Mac from blocking the firms from reducing principal on the mortgages they back for ideological reasons.
Foreclosure Deal to Offer $17B Mortgage Relief
(Published on February 9, 2012) By:Bloomberg
A multistate settlement with five large U.S. banks over foreclosure practices would include as much as $17 billion in mortgage debt forgiveness and loan modifications and take three years to complete, according to a letter...
Bankruptcy lawyers: Student debt is looming economic bomb
(Published on February 8, 2012) By:USA Today
Student debt is looming as a national problem that could have repercussions reminiscent of the mortgage crisis, says a report by the National Association of Consumer Bankruptcy Attorneys
More Economy NewsHousing
US housing regulator acted on ideology -lawmakers
(Published on February 9, 2012) By:Reuters
Two Democratic lawmakers on Wednesday accused the regulator of Fannie Mae and Freddie Mac from blocking the firms from reducing principal on the mortgages they back for ideological reasons.
Foreclosure Deal to Offer $17B Mortgage Relief
(Published on February 9, 2012) By:Bloomberg
A multistate settlement with five large U.S. banks over foreclosure practices would include as much as $17 billion in mortgage debt forgiveness and loan modifications and take three years to complete, according to a letter...
A Mortgage Tornado Warning, Unheeded
(Published on February 6, 2012) By:Gretchen Morgenson, NY Times
YEARS before the housing bust — before all those home loans turned sour and millions of Americans faced foreclosure — a wealthy businessman in Florida set out to blow the whistle on the mortgage game.
More Housing NewsLegislation / Regulatory
US housing regulator acted on ideology -lawmakers
(Published on February 9, 2012) By:Reuters
Two Democratic lawmakers on Wednesday accused the regulator of Fannie Mae and Freddie Mac from blocking the firms from reducing principal on the mortgages they back for ideological reasons.
Foreclosure Deal to Offer $17B Mortgage Relief
(Published on February 9, 2012) By:Bloomberg
A multistate settlement with five large U.S. banks over foreclosure practices would include as much as $17 billion in mortgage debt forgiveness and loan modifications and take three years to complete, according to a letter...
A Mortgage Tornado Warning, Unheeded
(Published on February 6, 2012) By:Gretchen Morgenson, NY Times
YEARS before the housing bust — before all those home loans turned sour and millions of Americans faced foreclosure — a wealthy businessman in Florida set out to blow the whistle on the mortgage game.
More Legislation / Regulatory NewsFinancial Literacy
Foreclosure Deal to Offer $17B Mortgage Relief
(Published on February 9, 2012) By:Bloomberg
A multistate settlement with five large U.S. banks over foreclosure practices would include as much as $17 billion in mortgage debt forgiveness and loan modifications and take three years to complete, according to a letter...
Bankruptcy lawyers: Student debt is looming economic bomb
(Published on February 8, 2012) By:USA Today
Student debt is looming as a national problem that could have repercussions reminiscent of the mortgage crisis, says a report by the National Association of Consumer Bankruptcy Attorneys
A Mortgage Tornado Warning, Unheeded
(Published on February 6, 2012) By:Gretchen Morgenson, NY Times
YEARS before the housing bust — before all those home loans turned sour and millions of Americans faced foreclosure — a wealthy businessman in Florida set out to blow the whistle on the mortgage game.
More Financial Literacy NewsSmall Business
Intuit: Small business adds 50,000 jobs in January
(Published on January 31, 2012) By:MarketWatch
Small businesses added 50,000 new jobs in January but paid employees slightly less and gave them fewer hours, according to Intuit Inc.'s monthly small business employment index. For the period spanning Dec. 24 to Jan. 23, Intuit...
Fed Says Business-Loan Demand Climbed Last Quarter as Economy Accelerated
(Published on January 31, 2012) By:Bloomberg
Demand for business loans increased in the fourth quarter as economic growth accelerated, according to a Federal Reserve survey of senior loan officers at banks. Seventeen of 56 banks reported stronger demand among companies with...
Startups Report From Shoestring Publishing Shows New Trends in Small Business Startups
(Published on January 30, 2012) By:PR Web
A new report from Shoestring Publishing shows that more people in the USA are starting their own businesses since the beginning of the recession in the USA, according to Justin Douglas from Shoestring. He says, "an increase of...
More Small Business News
