Headline News Archive

2018

August

14

• Next steps for homeowners mistakenly foreclosed by Wells Fargo. One thing worse than going through a foreclosure is finding out you never should’ve lost your home in the first place. In a

13

• In U.S., wage growth is being wiped out by inflation. Rising prices have erased U.S. workers’ meager wage gains, the latest sign strong economic growth has not translated into greater prosperity for the

10

• A new twist on rent-to-own housing. The idea of any of these alternatives is they're premised on the idea that you will eventually qualify for a mortgage to buy this

09

• Wells Fargo accidentally foreclosed on more homes—what you should do. 625 qualified customers were denied a loan modification, causing at least 400 to lose their homes. A spokesman for Wells Fargo said the people whose homes were

• Millennials are raiding 401(k)s for a down payment—there's a better way. Rising prices are making it difficult, if not impossible, for some first-time home buyers — especially millennials — to come up with enough cash to

08

• One in 8 divorces is caused by student loans. In general, finances are the leading cause of stress in a relationship, according to a study by SunTrust Bank, and student debt takes a particularly

06

• In expensive cities, rents fall for the rich, rise for the poor. Since last summer, rents have fallen for the highest earners while increasing for the poorest in San Francisco, Atlanta, Nashville, Chicago, Philadelphia, Denver, Pittsburgh, Portland

• Wells Fargo faces new problems with mortgage borrowers. Wells Fargo is facing government probes into its use of low-income housing tax credits, and has also set aside $8 million to compensate borrowers who were

• Bankruptcy booms among older Americans. For a rapidly growing share of older Americans, traditional ideas about life in retirement are being upended by a dismal reality: bankruptcy. he signs of

02

• Wells Fargo to pay $2.09 billion to settle probe into mortgage abuses. Ten years after faulty mortgages upended the global financial system, Wells Fargo & Co. agreed to pay $2.09 billion to settle a U.S. investigation into

• The 'Mulvaney discount': Shrinking fines for law-breaking companies. There’s a hot new trend in Donald Trump’s Washington: the “Mulvaney discount.” After pausing enforcement work when Acting Director

• As affordable housing crisis grows, HUD sits on the sidelines. The country is in the grips of an escalating housing affordability crisis. Millions of low-income Americans are paying 70 percent or more of their incomes for

01

• The top 10 things consumers complained about in 2017. False advertising of new and used cars, shoddy home improvement work, and deceptive retail sales tactics lead the towering list of complaints that consumers submitted

July

26

• FICO, VantageScore stand against FHFA’s delay of new credit score model. The Federal Housing Finance Agency announced Monday it is postponing its search for alternative credit scoring models, but both FICO and VantageScore expressed their disappointment

25

• More than 43% of renters are victims of rent fraud $5.2M lost (Chinese). 近幾年全國租金上漲，有數以百萬房客租房時曾遭詐騙。根據房產網站Apartment List於6月份所做調查，估計有43.1%租客在找房時，遇到可疑的租房廣告，其中超過半數人表示，他們聯繫租房聯絡人，才知道是騙局。

• Closing costs can add considerably to the price of buying a house. In the emotional rush that precedes buying a home—negotiating contract details and price, beating away rival bidders, searching for the best mortgage deal

24

• Nebraska: somete a votación problema de inmigrantes. El concejo municipal de una localidad del este de Nebraska ha resuelto que los votantes decidan si permiten emplear y alquilar viviendas a personas que

19

• CFPB advisory board 2.0: Far fewer members. Just as Mick Mulvaney fired members of a board that advises the Consumer Financial Protection Bureau on consumer issues last month, the agency's acting

• Zillow expanding direct homebuyer program. Beginning in the fall of this year, Atlanta homeowners will be able to sell their home directly to Zillow, if they so choose. What makes

• Consumer Bureau nominee could face ‘bumpy ride’ over lack of experience. While Ms. Kraninger, an official at the Office of Management and Budget, is expected to take a much more business-friendly approach to consumer protection than

18

• Housing values may fall as baby boomers die off or sell off. Will baby boomers turn into party poopers when they unload their homes in large numbers starting in the next decade? Could they create an indigestible

• Dems call for hearings on Trump’s CFPB nominee to be put on hold. Democrats on the Senate Banking Committee are calling on the panel's chairman, Sen. Mike Crapo (R-Idaho), to delay Thursday’s hearing

17

• Countdown to retirement: a five-year plan. For most of your working life, it wasn’t exactly a pressing concern. You might have pondered it for a few minutes as you

16

• Trump administration's new argument for dismantling the social safety net. The Trump administration is pitching a new message on anti-poverty programs, saying efforts that Republicans had long condemned as ineffective have already worked. The White

• Inflation hits 6-year high, wiping out wage gains for the average American. Prices rose at their highest clip since 2012 over the past year, the Labor Department reported late last week. The 2.9 percent inflation for the twelve-month period