Winning Lower Payments Takes Patience, and Luck
New York Times - 1 hour 47 minutes agoA Queens woman who had faithfully paid her mortgage for years lost her job and entered the loan-modification maze.
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A Queens woman who had faithfully paid her mortgage for years lost her job and entered the loan-modification maze.
Nov. 29 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said curbing the central bank’s authority to supervise the banking system and tampering with its independence would “seriously impair” economic stability in the U.S.
As foreclosure casualties mount, the Obama administration is expected to announce additional steps on Monday to get long-term help for troubled borrowers.
Nov. 29 (Bloomberg) -- The U.S. Treasury Department will step up public pressure on lenders to finish modifying more home loans to troubled borrowers under a $75 billion campaign against the record tide of foreclosures.
Zacks Analyst Blog Highlights: J. Crew Group Inc., JPMorgan Chase, Fifth Third Bancorp, U.S. Bancorp and Zions Bancorp
Federal authorities are accusing high-flying Indianapolis businessman Timothy S. Durham of defrauding investors through a classic Ponzi scheme and are taking steps to seize his Geist mansion, three other properties in Indiana and California, 18 bank accounts and a Bugatti touring car.
Danielle Chiesi spent a lot of time in hotel ballrooms and bars during the past decade.
In August 2007, Texas became one of a growing number of states to distribute unemployment benefits by debit cards, making the mailing of paper checks a thing of the past.
JP- Morgan Chase is letting Facebook users help decide how to give away $5 million.
The Obama administration on Monday plans to announce a campaign to pressure mortgage companies to reduce payments for many more troubled homeowners, as evidence mounts that a $75 billion taxpayer-financed effort aimed at stemming foreclosures is foundering.
Developments in the Dubai debt situation are sure to influence trading in stocks next week, but economic data, especially the latest read on jobs, could end up taking center stage.
Nov. 27 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said a “strong case” can be made for keeping the central bank involved in bank supervision, and subjecting interest rate policy to congressional audits may undermine confidence in monetary policy. “There is a strong case for a continued role for the Federal Reserve in bank supervision,” the Fed Chairman said in a commentary released ...
Banks had to buy back $7.1 billion in defaulted single-family loans in the third quarter to reimburse mortgage investors, up from $1.9 billion in the previous quarter.
Bamboo has sprouted all over. It's being used everywhere from floorboards to tableware to inline skates and T-shirts. Now Dell is using it to replace paper, plastic and foam packaging materials.
Nov. 27 (Bloomberg) -- Banco Santander Chile and Banco de Chile rallied in Santiago trading after JPMorgan Chase & Co. said the country’s two largest lenders are on course to exceed quarterly earnings estimates.
NEW YORK (AP) -- Shares of some top finance companies are down at noon: Bank of America fell $.28 or 1.8 percent, to $15.67. Citigroup fell $.09 or 2.0 percent, to $4.09. JPMorgan Chase fell $.65 or 1.5 percent, to $41.51.