Mary Tomkins is a freelance writer located in Spartanburg, SC, with emphasis on economic news and research on the financial industry.
Delinquencies in commercial and multi-family residential mortgages continued to rise during the first quarter of 2009 due to the weak economy and an ongoing credit crunch, according to a report released on Tuesday by the…
Pending home sales rose for the third month in a row in April, boosted by low interest rates, affordable home prices, and the $8000 first-time homebuyer’s credit. According to a report released today by the…
The volume of mortgage applications rose slightly last week, according to a report released Wednesday by the Mortgage Bankers Association. Last week’s mortgage loan application volume, as measured by the Market Composite Index, was 915.9,…
Continuing job losses remain severe, according to a report release by the Labor Department on Thursday. While the number of initial jobless claims dipped slightly last week, this is mostly because it is being compared…
In these difficult times, fraudsters are working under the guise of the federal government to trick struggling homeowners. President Obama announced the Making Home Affordable program earlier this year as part of the effort to…
President Obama held a town meeting on Thursday in Rio Rancho, New Mexico to discuss his plans for immediate reform of the credit card industry. “It’s time for strong and reliable protections for our consumers.…
Home sales in the first quarter of 2009 reflect that home buyers have been bargain hunting, according to a report released on Tuesday by the National Association of Realtors (NAR). First-time home buyers accounted for…
The Federal Trade Commission reported on Monday that it is investigating a California-based mortgage lender for violating the Equal Credit Opportunity Act (ECOA) by pricing loans according to the applicant’s race or nationality. According to…
There are so many ways to tell Mom this Sunday how much you love and appreciate her, but this year many of us are more budget-conscious than we have been in the past. Here are…
American families continue to deal with the stress and pressures of job loss – and a total of 13.7 million unemployed workers. The Department of Labor report today that non-farm payroll employment continued to decline…