Fed’s Consumer Credit Card Search Site Looking for a credit card? Knock yourself out on this Federal Reserve website. In an intersting move by the Federal Reserve, they have placed 300 credit card compnay agreements (mostly companies with 10,000 or more open credit card accounts) online in a searchable database for public viewing. Can something [...]

In news that is sure to “spook the herd”, the New York Times reports that “Google plans to begin offering loan quotes online as early as this month, a lawsuit filed in federal court this week claims. The suit was filed by LendingTree, which offers consumers mortgage quotes and conditional loan offers online, against Mortech, [...]

It is well known that big investors, who are servicing large portfolios of home equity loans, are seeing increasing delinquencies. If home equity loans start having more major problems, is the US Government going to come out with HEMP (Home Equity Modification Program)? (I can’t take credit for that one – it came from Rich [...]

Congratulations to David Stevens. On Friday the U.S. Senate confirmed Dave to head the Federal Housing Administration (FHA). Stevens will take over the agency in the middle of their huge surge in business, and many feel that with the non-HVCC appraisals and the fact that the FHA insures mortgages with a small down payment for [...]

What are top loan agents saying? One broker wrote, “Things have been good for me lately, which has been much needed. Hopefully it will keep up, as I have a lot of brokers that were waiting to lock for 15 days, so unfortunately they’re in a little bit of trouble now. The DU Refi Plus [...]

I noticed in the newspaper that this week marks the 54th anniversary of the invention of the credit card. I told my kids that before that, people practiced something called “living within their means” – a foolish, outmoded way of life. We’ve come a long way since then! The problem with an investment bank balance [...]

My son was flipping through the channels last night and asked me, “Did you hear about the new giveaway on Oprah this week? Oprah gave everyone in her audience a free Chrysler dealership.” I told him to keep his day job. Quote on Bernanke’s Desk During the Civil War President Lincoln was being heavily criticized [...]

Jay Leno said, “California finally passed a budget. Now Californians can go back to doing what they do best … buying homes they can’t afford.” Little do they realize how much the rest of the nation believes this to be true. Dow Hammered, Home Prices Record Drop Not only Californians but everyone else in the [...]

What kind of loan do consumers want? Is that like asking, “What kind of camera do you want?” “Feature creep” is a common problem with items like cameras and phones, with appliances, cars, etc. having user manuals over a hundred pages long and so many feature that consumers give up. Average consumers just couldn’t figure [...]