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Page: 18 of 100 pages.

Parents? debt may influence childrens? emotional wellbeing

Date: Thu, 21. January 2016 16:00:03
By Kathryn Doyle Some kinds of debt, such as home mortgages and education loans, are linked to better child wellbeing while unsecured debt like credit card balances and overdue medical bills are tied to increasing behavior problems, according to a U.S. study. ?It makes sense that taking on debt for specific investments can be beneficial ? for example, taking on student loans to go to college or a mortgage to buy a home may lead to better social and economic outcomes, whereas taking on unsecured debt, such as credit card debt or payday loans, that is not tied to such investments may not,? Berger said by email. The researchers looked at data from a national sample of participants recruited as children beginning in 1979, and the children of those subjects, who started to be included in 1986.

Airline Credit Card Choices

Date: Sun, 6. October 2013 04:09:13
The affordability of most trips comes down to airfares. One way lower the cost of air travel is to earn and cash in frequent-flier miles. Credit cards tied to various airlines allow people who don't travel every week to earn discounts via their everyday household purchases. Not all airline credit cards work well for all travelers. And you should never use a credit card to accumulate travel rewards unless you'll be paying off each monthly balance. Don't pay high interest rates just to earn a few travel rewards. If you can manage the credit wisely, it might pay to take a look at the pros and cons of 10 airline credit cards tied to frequent-flier programs. Airline Credit Card Choices originally appeared on Budget Travel on Sunday, September 15th, 2013 at 12:00:20.Permalink | Comment | Email this

Fidelity drops credit card partners American Express, Bank of America

Date: Mon, 4. January 2016 00:37:22
By Tim McLaughlin BOSTON (Reuters) - Fidelity Investments said on Monday it is dropping long-time credit card partners American Express Co and Bank of America Corp , ending a 12-year partnership that has generated billions of dollars in fees. Boston-based Fidelity, which has 24 million customers, said its new partners will be U.S. Bancorp and Visa Inc , effective Monday. The exclusive alliance will provide Visa branded credit-card products to U.S. consumers, including Fidelity customers.

Mortgage cap 'won't be used soon'

Date: Fri, 13. June 2014 05:37:01
Mortgage lenders say that a cap on the size of mortgage loans is unlikely to be "the first tool in the box" to cool the housing market.

Weird News: Robbers Steal Meat, Teens Take Photos of Their Own Crime

Date: Sun, 16. June 2013 05:07:50
Teens Find Lost Credit Card, Use it to Buy Movie Tickets and Take Photos Four teens found a lost credit card at a movie theater and used it to buy tickets.

How a New Credit Card Can Boost Your Credit Score

Date: Mon, 24. April 2017 10:40:52
Many people are wary of applying for a new credit card because they've heard that their credit score takes a hit when they do it. The truth is that if you play your cards right (pun intended), that credit score ding (typically about five points that lasts two years) will hardly even matter. It will be outweighed by the new card's positive effects on your credit score, which result primarily from your credit utilization rate.

The argument for cash-back cards over travel credit cards

Date: Thu, 17. December 2015 03:06:49
Picking the best credit card for you can often be more important than picking the credit card with the best market value. Make sure your credit card fits your lifestyle. 

Bank of America in $10B-plus Mortgage Settlement

Date: Mon, 7. January 2013 10:56:58
CHARLOTTE, N.C. ? Bank of America says it will spend more than $10 billion to settle mortgage claims resulting from the housing meltdown. Under the deal announced Monday, the bank will pay $3.6 billion to Fannie Mae and buy back $6.75 billion in loans that the North Carolina-based bank and its Countrywide banking unit sold to the government agency from Jan. 1, 2000 through Dec. 31, 2008. That includes about 30,000 loans. Its shares edged up 14 cents to $12.25 in premarket trading after the announcement. (MORE: Why More Americans Will Fall Behind on Credit Card Bills This Year) CEO Brian Moynihan said the agreements were “a significant step” in resolving the bank’s remaining legacy mortgage issues while streamlining the company and reducing future expenses. Bank of America bought Countrywide Financial Corp. in July 2008, just before the financial crisis. Countrywide was a giant in mortgage lending, but was also known for approving risky loans. Fannie Mae and Freddie Mac, which packaged loans into securities and sold them to investors, were effectively nationalized in 2008 when they nearly collapsed under the weight of their mortgage losses. Bank of America’s purchase of Countrywide originally was lauded by lawmakers because the bank was viewed as stepping in to eliminate a bad actor from the mortgage market. But instead of padding Bank of America’s mortgage business, the purchase has drawn a drumbeat of regulatory fines, lawsuits and losses. Bank of America said that the loans involved in the settlement have an aggregate original principal balance of about $1.4 trillion. The outstanding principal balance is about $300 billion. “Fannie Mae has diligently pursued repurchases on loans that did not meet our standards at the time of origination, and we are pleased to have reached an appropriate agreement to collect on these repurchase requests,” Bradley Lerman, Fannie Mae executive vice president and general counsel, said in a statement. Bank of America Corp., which is based in Charlotte, N.C., also said that it is also selling mortgage servicing rights on about 2 million residential mortgage loans.

BofA to Settle Mortgage Investors? Class-Action

Date: Wed, 17. April 2013 10:17:12
(NEW YORK) ? Bank of America has agreed to settle a class-action lawsuit brought by investors who bought mortgage investments from Countrywide Financial, the California-based lender it acquired in 2008. The announcement came as the nation’s second biggest bank reported higher net income for the first quarter, but missed analysts’ expectations. Bank of America said Wednesday that it would pay $500 million to settle the lawsuit brought by the Maine State Retirement System and other pension funds who said Countrywide had misled them about the quality of the mortgages they bundled together and sold to investors before the crisis. The settlement is the latest reminder of the long fallout of Bank of America’s decision to buy Countrywide, which was known for making exotic loans. The purchase catapulted the bank into a spot at the top of the nation’s mortgage scene, but it’s been an albatross ever since, bringing lawsuits, regulatory investigations and quarterly losses. Bank of America made the settlement announcement while reporting first-quarter results. Its profit soared but analysts described the quarter as noisy because of accounting charges that affected results. Revenue dipped slightly, profits missed expectations and investors sent the stock down 30 cents, or 2.4 percent, to $11.98 in trading 45 minutes ahead of the market opening. (MORE: More Young Couples Commit ? To Homeownership Before Marriage) The Charlotte, N.C., bank reported earnings after paying preferred dividends of $2.3 billion in the first quarter. That was up nearly seven times from earnings of $328 million a year ago. However, the 2012 results were also obscured by an accounting rule that forced the bank to record a charge because the value of its debt had risen. Mortgages and wealth management helped this quarter’s results. Loans fell while deposits and credit card spending rose. The bank funded $25 billion in mortgages, a jump of 56 percent from a year ago. More than 90 percent came from refinancings. The overall mortgage unit continued to lose money, though, weighed down by legal costs. The bank continued to cut jobs and other expenses.

Consumer Borrowing Rose $18.2 Billion in October

Date: Fri, 6. December 2013 15:19:33
(WASHINGTON) ? Americans boosted their borrowing in October, led by another big increase in auto and student loans and the biggest rise in credit card debt in five months. The Federal Reserve says consumers increased their borrowing by $18.2 billion in October to a seasonally adjusted $3.08 trillion. That is a record level and follows a September increase of $16.3 billion. The increase was led by a $13.9 billion rise in borrowing for auto loans and student loans. But borrowing in the category that covers credit cards rose by $4.3 billion following a decline of $218 million in September. It was the biggest monthly credit card gain since May and could be a sign that consumer spending will increase in coming months. Credit card borrowing has lagged other types of debt.

Part Time Job

Page: 18 of 100 pages.