More can loans are getting approved than ever since the recession.
New stats show issuers are opening up to subprime credit card borrowers. But should they try to get that rewards card?
Payments for used car loans are on the rise, while loans to credit-challenged car buyers are not being given as freely.
Will a new name be enough to rebrand these toxic mortgage loans for investors?
The growth of store credit cards is outpacing that of bank-issued credit cards, Equifax reports.
The mortgages that led to the recession are making a comeback.
Subprime borrowers don’t always deserve a bad reputation. One of the problems may be the way traditional lenders measure risk.
The housing market is showing signs of life and that’s sparking a renewed interest in bonds backed by subprime mortgages. Wednesday, the National Association of Realtors reported that existing-home sales increased 4.3 percent in January from a month earlier, the highest level since May 2010. In 2011, home sales increased 1.7 percent from 2010. The
Not-so-good credit? No problem, the banks said last year. Here’s a credit card. All right, maybe it wasn’t that easy, but more Americans with spotty credit got a credit card in 2011, according to a report released Wednesday by TransUnion. The credit reporting agency found that 25.2 percent of the cards issued in 2011 went
Troubles continue to plague Fannie Mae and Freddie Mac, the giant mortgage companies that were taken over by the government in 2008 and bailed out by taxpayers. The Securities and Exchange Commission, or SEC, sued three former executives at each of the two companies, including the former CEOs, charging them with misrepresenting the amount of