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The honeymoon between banks and customers is over, cut short by last year's credit crunch. Banks are done wooing customers. Customers have given up on the idea that banks will always be there for them. The thrill - of cheap, easy-to-obtain money ...
The credit squeeze may be abating in the financial markets but there is no sign of a revival in the flow of credit to US consumers. On the contrary: the latest data from the Federal Reserve show consumer credit declined at an annual rate of 10.4 per ...
JEFFERSON CITY, Mo. (AP) — Missouri Sen. Claire McCaskill is citing a report suggesting reverse mortgages can be risky for seniors while pushing for greater industry regulations. Reverse mortgages allow people age 62 and older to convert their home ...
The report, titled Subprime Revisted, warns that many of the lenders are those who were involved in the subprime loan crisis and are now looking for new sources of revenue. Reverse mortgages allow homeowners to take out a loan against the equity ...
NEW YORK (AP) - Investors barreled into stocks for a second day as hopes grew that corporate profits will strengthen as the global economy recovers. The Dow Jones industrial average rose 132 points, bringing its two-day advance to 244, as major stock ...
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