Entries in the '' Category

Feds taking action against reverse mortgage lender (AP)

Posted on October 30th, 2009
AP - The U.S. Department of Housing and Urban Development is taking action against a reverse mortgage lender in Hawaii.

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Md. man sentenced to prison for mortgage fraud (AP)

Posted on October 30th, 2009
AP - An Oxon Hill man has been sentenced to more than three years in prison for a mortgage fraud tied to 25 properties in Maryland, D.C. and Virginia worth millions of dollars.

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U.S. consumer sentiment dips in Oct: survey (Reuters)

Posted on October 30th, 2009
Reuters - U.S. consumer sentiment slipped this month as Americans fretted about personal finances and focused on paying down debt, a survey showed on Friday.

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Rates on 30-year loans rise to 5.03 percent (AP)

Posted on October 29th, 2009
AP - Rates for 30-year home loans climbed to 5.03 percent this week, the third consecutive weekly increase.

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UK mortgage approvals up 6 pct in September (AP)

Posted on October 29th, 2009
AP - Mortgage approvals in the U.K. rose 6 percent in September as the country's battered housing market improved, but cautious consumers paid off debt faster than they borrowed, the Bank of England said Thursday.

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Half of workers changing jobs cash out 401k (AP)

Posted on October 28th, 2009

Graphic shows 401(k) cash-out rates by ageAP - Millions of workers take a huge chance with their retirement savings every year: They cash out their 401(k) accounts when they lose their jobs or move to new employers.


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Silver State Helicopters student debt case settled (AP)

Posted on October 27th, 2009
AP - Attorneys general say a student loan company has agreed to forgive almost $113 million in debts for students of a Nevada-based helicopter flight school that went bankrupt in 2008.

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