AP – Consumer borrowing broke a record stretch of declines with a small increase in January as a boost in auto loans offset continued weakness in credit card borrowing.
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On 03.05.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill
On 03.05.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill
Reuters – Total U.S. consumer credit rose $4.96 billion in January, its first rise in a year and the largest for any month since mid-2008, Federal Reserve data showed on Friday.
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On 03.05.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill
AP – BORROWING UP: Consumer credit rose by $4.96 billion in January, breaking a record string of 11 consecutive declines.
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On 02.16.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill
Reuters – The percentage of Americans falling behind on credit card bills stabilized in January, according to data from the six major lenders, signaling that U.S. consumer credit woes may be leveling off.
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On 02.09.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill
AP – Bank of America Corp., the nation’s largest lender, spent $1.18 million in the fourth quarter to lobby the federal government on issues such as executive compensation, credit cards and mortgage lending practices, according to a recent disclosure report.
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On 02.08.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill
U.S. News & World Report – Amid high unemployment and sliding home prices, a growing number of struggling consumers are doing what was once considered unthinkable: paying their credit card bills instead of their mortgages. A recent study developed by TransUnion found the percentage of Americans who were current on their credit cards but behind on their mortgage increased to 6.6 percent in the third quarter of 2009, up from 4.3 percent in the first quarter of 2008. Meanwhile, the share of consumers making mortgage payments on time but behind on their credit cards moved in the opposite direction, sliding from 4. …
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On 02.08.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill
U.S. News & World Report – Amid high unemployment and sliding home prices, a growing number of struggling consumers are doing what was once considered unthinkable: paying their credit card bills instead of their mortgages. A recent study developed by TransUnion found the percentage of Americans who were current on their credit cards but behind on their mortgage increased to 6.6 percent in the third quarter of 2009, up from 4.3 percent in the first quarter of 2008. Meanwhile, the share of consumers making mortgage payments on time but behind on their credit cards moved in the opposite direction, sliding from 4. …
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On 02.05.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill
Reuters – A weak job market and tight credit conditions caused consumer credit to fall $1.73 billion in December, the eleventh straight monthly decline, a report from the Federal Reserve showed on Friday.
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On 01.29.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill
Reuters – Lloyds TSB raised $1 billion via a residential mortgage-backed bond on Friday, reopening a U.S. market that had been shut since mid-2008 because of the credit crunch.
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