Debt Management, mortgage and credit news - a blog for the average consumer.

FTC releases complaint data for 2007

Identity theft of some form or another accounted for 32% of the 819,000 complaints filed with the Federal Trade Commission in 2007. Credit card fraud was the most common form of identity theft.

Number ten …

Why foreclosure is no good for anyone.

There were 2.2 million foreclosure filings in 2007, up 75% from 2006. And a shocking number of these homes will end up vacant, trashed, rotted, and stripped of their copper and heating units. …

Countrywide forecloses on one hand, and throws money at bankers with the other.

Despite the total meltdown of the US mortage industry, and with record foreclosure rates being set every month, Countrywide, one of the biggest in the business, continued its annual tradition of rewarding its bankers with …