Refinancing a mortgage can be a great way to improve a loan while getting more money out of your home. Many home owners rush to refinance once interest rates drop and while this may work for some, other will do well to avoid refinancing all together. Essentially refinancing replaces the current mortgage... more
Given the current housing slump, high gasoline prices, and general uncertainty about the economy, you might think that consumers would be leery of taking on any additional debt. However, if Federal Reserve figures are any indication, charge cards are more popular than ever. The statistics indicate... more
‘Tis the season to be generous—especially if you’re a retailer. Special holiday promotions are popping up at malls and in cyberspace, leading to some unexpected windfalls for consumers this shopping season. Financial experts say that savvy shoppers can cash in on holiday giveaway programs,... more
The latest statistics show that the nation’s mortgage crisis has nearly reached the breaking point. Figures indicate the number of Americans who fell behind on their mortgage payments increased to a 20-year high in the 3rd quarter of the year. The crisis seems to be the result of the fact that... more
GE Money, the consumer lending unit of General Electric, has announced a new partnership with the largest university in the California State University system. Under the agreement, GE Money will provide an affinity credit card to alumni of San Diego State University. more Read More →
A leading credit card company is offering a new program to educate consumers. Bank of America has decided to launch a special project aimed at informing customers about various fees, including credit card fees and ATM fees. more Read More →
The nation’s largest mortgage lender has suffered a setback in the financial markets. Fannie Mae recently experienced its largest two-day share-price drop in two decades. The stock market plunge came amidst news that the lending giant might have understated its credit losses. Shares of Fannie... more
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