When people get into trouble paying off their debts they often cannot get regular credit cards, which can be very inconvenient.  In response to this, some banks set up special credit cards for those who …

Everything has changed in the mortgage market.  Everything.  But it is not true that so-called sub-prime mortgages are no longer available in any form.

While you can no longer get a no-down-payment loan or a “no …

They will all deny it if asked, but my conversations with people who are trying to prevent foreclosure by negotiating new terms indicate that they are running into yet another obstacle: Lenders are stalling.  They …

There are several regulatory bodies involved, but it appears that new, more consumer-friendly rules will be applied to credit card issuers.  Unfortunately they will not take effect for more than a year.  The most important …

Sheila Bair, head of the FDIC, the organization that insures deposits and takes over failed banks, is unhappy with her administration’s response to the foreclosure problem:
“I’ve heard the stories of people who are suffering and …

The Mortgage Bankers Association reports that one in ten American one-to-four-family homes are at least one-month delinquent on their mortgages, or in foreclosure.  This number sets a new record for the MBA survey which has …