Are Refund Anticipation Loans Headed For Extinction?

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Back in the day, Americans strapped for cash around the holidays could take out a Refund Anticipation Loan. That meant that they could spend the money they expected to get back from Uncle Sam long before tax season even arrived. But a new battle brewing between H&R Block and HSBC Bank [...]

Consumers Have Trouble Deciding When Foreclosure Is Best Option

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There is a lot of information in the news every day about programs like the government’s mortgage modification program. The program is intended to give consumers an opportunity to lower their mortgage payment by changing the terms. The program was put into place during the recession because many homeowners found themselves either unemployed or with [...]

FTC Warns About Auction Scams And Pitches

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We have all read the auction pitches or seen them on television. These are the pitches that talk about assets like government seized properties or foreclosed homes. According to the pitch, all you have to do is buy a price guide to find millions of dollars worth of items the government or auto dealers are [...]

US Treasury Department Pushes Banks To Help Homeowners

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The US Treasury Department just might look like a knight on a white horse to some homeowners facing foreclosure and unable to get cooperation from their mortgage company.

Tags: Mortgage modification, US Treasury Department, personal finance, Banking, Mortgage

U.S. Government Applying Pressure On Banks

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The U.S. government through the Treasury Department has decided that it‘s time to put some pressure on the banks in the area of mortgages. As most people know, there are millions of consumers unable to make their mortgage payments in a timely manner. Troubled mortgages continue to grow in numbers as more consumers fall behind [...]