THE 20/20 EXPERIENCE Justin Timberlake (Sony) JT may now think that looking like Michael Buble is a career move – but clearly there’s no one willing to say no to the austerity-busting dark lord of bubblegum pop. Squillions of album sales will do that to a man.
Clarification Appended: June 30, 2011 Here’s some good news for consumers who feel themselves trampled by soulless banking and credit giants: on July 21, a new consumer-protection agency will open its doors in Washington, with the mission of making everything from mortgage documents to credit statements fairer and easier to understand and generally giving the little guy more power against the financial corporate juggernauts. Here’s the bad news: it’s not clear that President Obama will be able to appoint anyone to run it
Buying a home is more affordable that it has been in decades. But what’s even more affordable in a lot of U.S
“I’m very, very sorry to say that my business is skyrocketing,” the personal-finance guru Suze Orman said one late January afternoon.
If you think subprime lenders are the loan sharks of real estate, then loan servicers–the outfits that collect mortgage money and run the books–are the enforcers. Their job is to keep the dough coming, no matter what.
Trevor Douglas, 54, may soon lose his Orlando house. Sure, Douglas hasn’t paid his mortgage in more than two years, which is what a Bank of America spokesperson tells me “is important to remember.” It is.
Another housing crisis may be looming even as the mortgage meltdown continues and as Americans who once dreamed of home ownership see their properties foreclosed.
Homebuyers scramble as mortgage rates rise Higher payments could price many would-be buyers out of the market The era of record-low mortgage rates is over. The average rate on a 30-year loan has jumped from about 5 percent to more than 5.3 percent in just the past week. As mortgages get more expensive, more would-be […]
Home foreclosure isn’t a legal abstraction for Yolanda Paschal, a recent graduate of the University of Miami School of Law. Her parents are facing foreclosure on the Miami house she grew up in.
Barclays is planning to spin off a 4bn ($6.3) portfolio of complex credit assets as the bank presses ahead with a process to clean up its balance sheet and ease shareholder concerns over its investments.