Aug 17, 2012 Fannie Mae and Freddie Mac get some slack on repaying government bailout funds. But they’ll have to shrink their businesses faster than planned.
Aug 17, 2012 Credit unions used to be a banking oasis free from fees. But slowly, credit unions are starting to charge for checking accounts and raising minimums to avoid fees.
Aug 13, 2012 Your friends and you have been through a lot together -- but do you think you can buy a house with them?
Aug 10, 2012 The Consumer Financial Protection Bureau today proposed new rules for the companies that service your mortgage. The proposed reforms seem to mandate a big upgrade in customer service.
Aug 8, 2012 Rising home prices contribute to profits for the bailed-out mortgage lenders. Higher home prices should help the real estate market and homebuyers, too.
Aug 1, 2012 A federal housing regulator is rejecting a White House plan to help borrowers who are underwater on their mortgages. That means they owe more than their homes are worth and there are about 11 million people in that category. The Federal Housing Finance Agency said the potential benefits of cutting mortgage balances for those people don't outweigh the costs.
Jul 16, 2012 This morning we've been looking at the impact of the largest antitrust class action settlement in U.S. history. The major credit card companies as well as the big banks have agreed to pay more than $7 billion to retailers for alleged collusion of credit card fees.
Jul 16, 2012 Major credit card companies -- Visa and Mastercard -- as well as big banks have agreed to pay more than $7 billion to retailers to compensate for alleged price fixing of credit card fees. Some retailers think the settlement does not go far enough to protect retailers and consumers.
Jul 13, 2012 After the Justice Department announced a $175 million settlement with Wells Fargo for alleged discrimination against thousands of African American and Hispanic borrowers, the bank looks to cease operations with independent mortgage brokers, whom they blame for the prejudicial lending.