Topic: Consumer Credit And Debt
Clay McRae is something of a recent exception as far as Consumer Credit Counseling Service of Nevada and Utah is concerned.Out of work for nearly two years, possibly on the verge of losing his home to foreclosure, McRae walked in the front ...
WASHINGTON (Reuters) - The Obama administration said on Wednesday it will keep the pressure on two big U.S. banks to help more troubled borrowers from losing their homes by withholding payments to the banks under a foreclosure-prevention program for the third straight ...
WASHINGTON (Reuters) - The Obama administration said on Wednesday it will keep the pressure on two big banks to help ease the foreclosure crisis, withholding payments to them under a foreclosure relief program.The Treasury said Bank of America and JPMorgan Chase & ...
(Reuters) - A controversial weapon could be deployed soon in the U.S. fight against the housing crisis as states and top banks near a deal in their dispute over mortgage abuses -- cutting the mortgage debt owed by homeowners.Five major banks could ...
Early last week, Mitt Romney, in town for the Republican presidential debate, had this to say to Las Vegas residents who have thrown their money into the black hole of the real estate market: tough luck.That's a paraphrase, but his quote to ...
Attorney general's complaint outlines pattern of troubling behaviorNevada Attorney General Catherine Cortez Masto is accusing Bank of America of violating an agreement to help homeowners facing foreclosure.In an amended filing in federal court Tuesday, Cortez Masto asked a judge to set aside ...
South Korea's central bank head on Friday issued a fresh warning over the country's growing mountain of personal debt, a day after local banks suspended most loans to individuals."The volume of household debt is too large and it's right to move in ...
NEW YORK (Reuters) - Bank of America Corp lost its bid to dismiss a nationwide lawsuit accusing it of reneging on promises to help borrowers modify their mortgage loans under a much-criticized federal program.District Judge Rya Zobel in Boston said homeowners who ...
Having renters for a house you can't sell might not help you qualify for a new loan.Having renters for a house you can't sell might not help you qualify for a new loan.My wife and I moved from Florida a few months ...
WASHINGTON (Reuters) - U.S. bank regulators announced settlements on Wednesday with the largest home lenders over allegations of shoddy foreclosure practices, but the pacts did not include financial penalties.The banks agreed to compensate borrowers who were wrongly foreclosed upon and to overhaul ...
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