Personal Finance Advice and Commentary

Thursday, November 21, 2013 4:43 pm
By David McMillin · Bankrate.com

Did Bank of America’s poor customer service actually send an account holder to the hospital?

Tuesday, August 07, 2012 8:00 am
By Crissinda Ponder · Bankrate.com

Learn the different mortgage payment methods and how to tighten your grip on your wallet, today on Bankrate.com.

Friday, April 22, 2011 9:21 am
By Marcie Geffner · Bankrate.com

Four hundred seventy-five┬ápages. That’s the length of the Federal Reserve’s latest notice of a proposed rule to implement a federal law that says lenders must determine whether a borrower has the ability to repay a mortgage. The issue of whether a borrower can repay a loan is naturally somewhat tricky. But 475 pages? That’s longer

Thursday, April 07, 2011 8:50 am
By ReneePorsia · Bankrate.com

Normally it’s the renter who needs to prove their creditworthiness to the landlord. But with the current state of the housing market, it may be time for the landlord to prove to the renter that their credit is not in the toilet. With so many homeowners going into foreclosure each and every month at outstanding

Tuesday, April 05, 2011 8:41 am
By Marcie Geffner · Bankrate.com

Economic data show a “very modest, but still painfully slow recovery” from the Great Recession, and one clear cause of that pain is the mortgage and foreclosure crisis, according to Harris Interactive, a polling firm based in New York, which suggested the crisis would continue “until the economy is much stronger or house prices recover.”

Monday, April 04, 2011 10:30 am
By Lucy Lazarony · Bankrate.com

Americans are putting their credit card bills first. Consumers are paying their credit card bills before they pay their mortgages, according to a study from TransUnion, one of the major credit reporting agencies. The percentage of consumers who are 30 days late on their mortgages and current on their credit cards rose to as high

Friday, April 01, 2011 8:42 am
By Marcie Geffner · Bankrate.com

Once upon a time, say, before the recent housing crisis, homeowners made every possible effort to make their monthly mortgage payment, even if that meant they couldn’t meet other financial obligations. Now, however, there’s a new payment priority in which many homeowners choose to let the mortgage slide into delinquency and default while they continue

Monday, December 27, 2010 11:05 am
By Marcie Geffner · Bankrate.com

It’s a common complaint of struggling homeowners that mortgage loan servicers sometimes initiate a foreclosure while they are trying to get a loan modification. Lenders defend this two-track system as a necessary way to begin the long foreclosures process in case a loan modification isn’t appropriate or viable for that homeowner. Consumer groups and consumer