Consumer credit posts first rise in a year (Reuters)

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.

If you enjoyed this post, make sure you subscribe to my RSS feed!

Tagged with:
 

US consumer credit rises first time in a year (AFP)

US Federal Reserve in Washington, DC. Borrowings by Americans rose for the first time in a year in January, the Federal Reserve said Friday in a sign that the US economic recovery is on track.(AFP/File/Karen Bleier)AFP – Borrowings by Americans rose for the first time in a year in January, the Federal Reserve said Friday in a sign that the US economic recovery is on track.

If you enjoyed this post, make sure you subscribe to my RSS feed!

Tagged with:
 

Trustee sues ex-Thornburg Mortgage execs for theft (Reuters)

Reuters – Four top executives of Thornburg Mortgage improperly paid themselves handsome bonuses just before the mortgage lender filed for bankruptcy last year, and stole money and ideas from Thornburg to secretly launch a new firm, the bankruptcy trustee in charge of liquidating the lender alleged in a lawsuit.

If you enjoyed this post, make sure you subscribe to my RSS feed!

Consumer group sues insurer over policy changes (AP)

FILE - In this Oct. 27, 2003 file photo, employees enter the headquarters of Anthem Inc. in Indianapolis. Anthem Blue Cross, a subsidiary of WellPoint Inc., has been under fire for a week from regulators and politicians for notifying some of its 800,000 individual policyholders in California that it plans to raise rates by up to 39 percent March 1. A consumer watchdog group filed a lawsuit Monday March 1, 2010, against California's largest for-profit health insurer Anthem Blue Cross, on behalf of policyholders, claiming they were pushed to take coverage with fewer benefits and higher deductibles.  (AP Photo/Darron Cummings, File)AP – Mary Feller’s family of three spends nearly $25,000 a year on health insurance premiums, which is more than they pay on their home’s mortgage in California’s Marin County.

If you enjoyed this post, make sure you subscribe to my RSS feed!

Consumer group sues insurer over policy changes (AP)

FILE - In this Oct. 27, 2003 file photo, employees enter the headquarters of Anthem Inc. in Indianapolis. Anthem Blue Cross, a subsidiary of WellPoint Inc., has been under fire for a week from regulators and politicians for notifying some of its 800,000 individual policyholders in California that it plans to raise rates by up to 39 percent March 1. A consumer watchdog group filed a lawsuit Monday March 1, 2010, against California's largest for-profit health insurer Anthem Blue Cross, on behalf of policyholders, claiming they were pushed to take coverage with fewer benefits and higher deductibles.  (AP Photo/Darron Cummings, File)AP – Mary Feller’s family of three spends nearly $25,000 a year on health insurance premiums, which is more than they pay on their home’s mortgage in California’s Marin County.

If you enjoyed this post, make sure you subscribe to my RSS feed!

Consumer group sues insurer over policy changes (AP)

FILE - In this Oct. 27, 2003 file photo, employees enter the headquarters of Anthem Inc. in Indianapolis. Anthem Blue Cross, a subsidiary of WellPoint Inc., has been under fire for a week from regulators and politicians for notifying some of its 800,000 individual policyholders in California that it plans to raise rates by up to 39 percent March 1. A consumer watchdog group filed a lawsuit Monday March 1, 2010, against California's largest for-profit health insurer Anthem Blue Cross, on behalf of policyholders, claiming they were pushed to take coverage with fewer benefits and higher deductibles.  (AP Photo/Darron Cummings, File)AP – Mary Feller’s family of three spends nearly $25,000 a year on health insurance premiums, which is more than they pay on their home’s mortgage in California’s Marin County.

If you enjoyed this post, make sure you subscribe to my RSS feed!

TransUnion: Auto loan delinquencies decline in 4Q (AP)

AP – TransUnion said Monday that customers at least 60 days past due on repaying auto loans fell 6 percent during the fourth quarter compared with the same period a year earlier.

If you enjoyed this post, make sure you subscribe to my RSS feed!

Tagged with:
 

Gov’t extends deadline for refinance program (AP)

AP – The government is giving homeowners another year to refinance their loans under a little-used program designed to help borrowers whose homes have plummeted in value.

If you enjoyed this post, make sure you subscribe to my RSS feed!

Tagged with:
 

Fannie Mae seeks $15.3B in gov’t aid after 4Q loss (AP)

AP – Fannie Mae needs another $15 billion in federal assistance, bringing its total to more than $75 billion. And worse, the mortgage finance company warned its losses will continue this year.

If you enjoyed this post, make sure you subscribe to my RSS feed!

Rates on 30-year home loans rise to 5.05 pct (AP)

AP – Rates for 30-year home loans rose above the 5 percent threshold for the first time in three weeks, but remained near historically low levels.

If you enjoyed this post, make sure you subscribe to my RSS feed!

Tagged with:
 

Resources 

 

Categories