Tag Archives: wells fargo

New rules created to help homeowners

The Consumer Financial Protection Bureau  proposed new rules on Friday to help give homeowners more information on outstanding balances and pending interest rate changes.    When the bureau investigated numerous mortgage servicers, the results were disastrous for the industry as a whole. … Continue reading

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Big Banks shrink lending

Even though the economy has been recovering at a snail-like pace, there is a possibility that the recovery may be fizziling out.  One of the main indicators of economic health is bank lending, it has been rising for most of … Continue reading

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Banks agree to mortage settlement

Five of the largest banks in the nation agreed to a deal with 49 states settling charges of abusive and negligent foreclosure practices since 2008.   The deal was announced on Thursday February 9th, the banks will change the way … Continue reading

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