Topic: Consumer Credit and Debt
Mortgage rates fall below 5 percent
AP News
Freddie Mac: Rates on 30-year fixed mortgages dip below 5 percent, remain near record lowsMortgages rates have dipped below 5 percent again, four weeks before a government program that is helping keep rates low is scheduled to run out. The average rate on a 30-year fixed rate mortgage was 4 ...
AIG units settle mortgage discrimination case
Reuters US Online Report Business News
WASHINGTON (Reuters) - Two AIG units settled federal charges that they discriminated against black home buyers on fees for mortgages and will pay $7.1 million for restitution and education efforts, the U.S. Justice Department said on Thursday. The units, AIG Federal Savings Bank and Wilmington Finance Inc, will provide ...
Trustee sues ex-Thornburg Mortgage execs for theft
Reuters US Online Report Business News
NEW YORK (Reuters) - Four top executives of Thornburg Mortgage <THMRQ.PK> 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 ...
Fitch: January credit card defaults up 11 percent
AP News
Fitch Ratings' says January credit card defaults surge 11 percentFitch Ratings said Wednesday the number of credit card defaults surged 1.12 percentage points in January to 11.37 percent, the highest level since a record 11.52 percent in September. Fitch analysts said the increase was largely driven by ...
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