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Financial News

Freddie Mac to issue new 5-year note due 2015 (AP)
AP - Government sponsored mortgage buyer Freddie Mac said Wednesday it plans to issue new five-year notes due on Sept. 10, 2015.
 
Bankers urge government to pull plug on Fannie, Freddie (Reuters)
Reuters - The federal government should take mortgage finance giants Fannie Mae and Freddie Mac off life support sooner rather than later, the Mortgage Bankers Association urged on Wednesday.
 
Consumers cut back on credit card use once again (AP)
AP - Consumer borrowing fell again in July as households cut back on their credit card use for a 23rd consecutive month, adding more drag on an economy struggling to mount a sustained rebound.
 
Mortgage lending down 1.5 pct as rates inch up (AP)
AP - Applications for home loans dipped last week as mortgage rates ticked up slightly from the lowest level in decades.
 
How to Get a Government-Backed, Zero-Down-Payment Mortgage (U.S. News & World Report)
U.S. News & World Report - More than four years after real estate values peaked, the historic plunge in home prices remains fresh in the minds of mortgage lenders. After taking painful losses on delinquent home loans, banks have imposed tougher standards--such as increased credit scores and higher down payment requirements--on applicants of all stripes. And as investors fled for the hills, the exotic mortgage products that helped fuel the real estate boom have largely disappeared from the private market. But that doesn't mean all buyers need a big pile of cash to snag a home loan. ...
 

Credit Secrets Results

New Credit Card Rules 2010
With concern growing over the high cost of penalties credit card holders have been required to pay, changes were recently implemented and mandated. The August 22 Credit Card Rules are now in place whereby people actually have protection against late payment, over spending limit, and other credit card fees deemed 'unreasonable."
 
How to Avoid Credit Repair Rip-offs and Dubious Offers of Credit
In this day and age, everyone needs credit, whether to buy a car or a house, obtain a loan or a credit card, even to get a job and life can be pretty tough if your credit stinks. There are many good and legitimate agencies who for a reasonable startup fee and a monthly charge ranging from $40 to $80 will help you repair your credit. However an economy that requires a good credit score to get the best interest rates, better housing and even a decent job is creating an industry of scammers who prey...
 
How to Remove Charge Offs From a Credit Report With Ease
The credit score reporting methods are a mystery to many consumers. All 3 credit reporting bureaus use a fairly similar algorithm to calculate that 3 digit number. A borrower's total score is the average of all 3 bureaus scores. It is important to keep up with this number to maintain a good financial standing. Knowing how the process works is the key to this whole process. Sometimes even this is not enough by itself, so some extra preventative measures have to be employed.
 
Searching Visa Credit Card Offers Online - Learn the Fast Way
Using the Internet in searching for the best Visa credit card offers is the best way to sign up for a great deal. Check out deals and offers right in front of your screen.
 

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Credit Secrets Blog
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Money News
Boost your company's profits, boost your career
The person at your office who routinely brings in millions of bucks worth of business probably doesn't have to worry about job security. Or begging the boss for a raise. Or advocating for a promotion.
 
Are Americans de-banking?
The financial crisis that destroyed some of the world's biggest banks and sent others to the brink of failure have changed Americans' idea of lending and borrowing. While most still seem to have no problems storing their money at banks small and large, a few trends indicate that everyone from consumers to some of the world's largest companies are straying away from large financial institutions as sources of funding.
 
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