In a televised address to the nation on Monday night, President Barack Obama asked Americans to pressure their elected representatives to work out a compromise on the federal debt ceiling. As he’d done in the past weeks, the president made a point to emphasize the devastating effect failure to come to a comprehensive debt deal would have [...]
Wiregrass Credit Union strives to provide members with high-quality financial services and products at a low cost. Today, Wiregrass Credit Union is offering a 12-month CD rates deal for 1.15% APY. 12-Month CD Rate Terms and Conditions In order to be eligible for this CD rate, there is a minimum $500 deposit required. All rates [...]
The Federal Reserve announced on Monday that it would be hitting Wells Fargo with an $85 million fine for allegedly pushing borrowers with good credit into expensive mortgage loans. The bank also received the record fine from the Fed for allegedly falsifying its borrowers’ loan applications. Borrowers with Good Credit Pushed Into Subprime Mortgages According to the Federal [...]
If you’ve been hoping to enroll in the Emergency Homeowners Loan Program (EHLP), today is the last day to get pre-screened. Homeowners who are eligible could take advantage of an interest-free loan to help them avoid foreclosure. About EHLP EHLP provides troubled homeowners with a one-time, interest-free “bridge loan” that helps them become current on their overdue [...]
The mortgage industry is coming under fire again after lawmakers and enforcement agencies received word that robo-signings have continued. Numerous major mortgage servicers came under fire in 2010 after it was revealed they were utilizing this illegal practice to speed up the foreclosure process. Lawmakers and law enforcement agencies alike are responding to the surprising news that mortgage [...]