Underbanked Financial Services Market Exceeds $10 Billion The "unbanked" and financially underserved population is making its mark in the economy in a market segment that now exceeds $10 billion, according to data compiled by Phoenix ESP Payments
Using 401(k) for mortgage payment can worsen plight (Baltimore Sun) You're barely keeping up with the mortgage as it is. Now the interest rate on your adjustable-rate loan is about to reset. Way up.
Interest Rate Roundup Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts.read more...
Scapegoating Stated-Income Loans A stated-income loan qualifies a borrower by using the income the borrower states, as opposed to the income the borrower can document. With a stated-income loan, the lender agrees
NHB to set up mortgage guarantee firm (IANS via Yahoo! India News) Kolkata, June 26 (IANS) National Housing Bank (NHB), the principal financial institution refinancing housing finance firms, plans to set up a mortgage guarantee corporation as a joint venture company
Dow Ends Up 43 on Solid Earnings Reports Stocks shook off early losses and closed higher Wednesday after Federal Reserve Chairman Alan Greenspan delivered an upbeat assessment of the economy and Wall Street focused on solid earnings reported
Sept. 20 (Bloomberg)——TCW Asset Management, the money manager owned by France’s Societe Generale SA, is selling $3.2 billion of mortgage securities backing collateralized debt obligations after the value of the bonds fell.
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