Accounting
Tax
Payroll
Financial
Services
|
Personal Finance News
Latest personal finance headlines from the
internet
Forget the Mortgage, I'm Paying My Credit Card Bill
(U.S. News & World Report)
U.S. News & World Report - Amid high unemployment and sliding home prices, a growing number of struggling consumers are doing what was once considered unthinkable: paying their credit card bills instead of their mortgages. A recent study developed by TransUnion found the percentage of Americans who were current on their credit cards but behind on their mortgage increased to 6.6 percent in the third quarter of 2009, up from 4.3 percent in the first quarter of 2008. Meanwhile, the share of consumers making mortgage payments on time but behind on their credit cards moved in the opposite direction, sliding from 4. ... American Capital Agency says earnings rose in 4Q
(AP)
AP - American Capital Agency Corp. reported sharply higher earnings for the fourth quarter of 2009 Monday as the government-backed mortgage securities it holds gained value. Hanmi brings in financial adviser
(AP)
AP - Hanmi Financial said Monday that it has retained Cappello Capital Corp. as a financial adviser while the company pursues strategic alternatives. Goldman's payment demands on AIG probed: report
(Reuters)
Reuters - U.S. regulators are investigating whether the mortgage insurance market was improperly distressed in 2008 because of payment demands that Goldman Sachs Group Inc and other banks made on American International Group Inc , The New York Times reported on Sunday.
Accounting Software |