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Bank of America said Thursday that it will cut about 7,500 jobs after it closes its acquisition of mortgage lender Countrywide Financial Corp. ...more
June 27, 2008
This is the time of year when the buzz starts up about student loan consolidation. Some people benefit from consolidating, others don't, and borrowers want to know which camp they fall in. ...more
June 22, 2008
Just two months ago, Aaron Brokenbough had no clout and little say when lenders moved to foreclose on his home. His Philadelphia row house was scheduled for a sheriff's sale, the end of the road for most homeowners who are behind in mortgage payments. ...more
June 17, 2008
Mortgage companies are pledging to let troubled borrowers know whether they're approved for help within 45 days of receiving a homeowner's application. ...more
June 17, 2008
Despite the bursting of the housing bubble, it's still possible to buy homes with no money down. In fact, it's possible to borrow up to 105 percent of the purchase price, leaving the buyer with more debt than the house is worth. ...more
June 10, 2008
Home foreclosures and late payments set records over the first three months of the year and are expected to keep rising, stark signs of the housing crisis' mounting damage to homeowners and the economy. ...more
June 6, 2008
Some of the nation's biggest banks have closed their doors to students at community colleges, for-profit universities and other less competitive institutions, even as they continue to extend federally backed loans to students at top universities. ...more
June 2, 2008
The economic downturn and mortgage crisis are turning a growing number of Americans into retirement account raiders. ...more
May 25, 2008
The chairman of beleaguered Countrywide Financial Corp. raised eyebrows and tempers with his snippy reply to an e-mail plea from a man who said he was in danger of losing his home. ...more
May 22, 2008
Profits from government-sponsored mortgage giants Fannie Mae and Freddie Mac, instead of taxpayers, would back up a home loan rescue for up to 500,000 strapped borrowers under a plan approved by a key Senate committee Tuesday to pull the nation out of a housing crisis. ...more
May 21, 2008
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