Topic: Consumer Credit and Debt
Commercial delinquency lower than other mortgages
AP News
MBA: Commercial mortgages have lower delinquency rate than other real estate loansCommercial mortgages were among the best-performing loans and leases held by banks and thrifts in the fourth quarter of last year, the Mortgage Bankers Association said Tuesday. Overall, 7.3 percent of the debt held by banks and thrifts ...
New Credit Card Protections Can Help Level Mountain of Debt
consumeraffairs.com
Four tips for wise credit use post-CARD ActWith most of the provisions of the Credit Card Accountability, Responsibility and Disclosure Act of 2009 (CARD Act) now in effect, consumers are protected from universal default clauses, double-cycle billing and inequitable application of monthly payments to balances. What those with heavy credit ...
AIG Subsidiaries Resolve Allegations of Lending Discrimination
consumeraffairs.com
Lenders accountable for higher broker fees charged to minority borrowersTwo subsidiaries of American International Group (AIG) Inc. have agreed to pay a minimum of $6.1 million to resolve charges that they engaged in a pattern or practice of discrimination against black borrowers. Brought under the federal Fair Housing and ...
More work ahead on housing market: Treasury
Reuters US Online Report Business News
WASHINGTON (Reuters) - The Obama administration has more work to do to help struggling U.S. homeowners, despite signs of a stabilizing housing market, a senior Treasury official said on Monday. Michael Barr, the Treasury's assistant secretary for financial institutions, said in prepared remarks to state housing agency officials that ...
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