CreditSlips

No One is Immune from Credit Card Fraud, Not even the Chief Justice

03/29/13

Wow. Credit card fraud really can happen to anyone, as the Washington Post's Al Kamen reported this afternoon.  Apparently U.S. Supreme Court Justice John Roberts had his credit card number stolen and had to pay cash for his morning Starbucks.

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No One is Immune from Credit Card Fraud, Not even the Chief Justice

03/29/13

Wow. Credit card fraud really can happen to anyone, as the Washington Post's Al Kamen reported this afternoon.  Apparently U.S. Supreme Court Justice John Roberts had his credit card number stolen and had to pay cash for his morning Starbucks.

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Fannie/Freddie to Homeowners: Do Nothing and Help Will Arrive

03/27/13

Housing Wire is reporting that Federal Housing Finance Agency, the conservator of Fannie Mae and Freddie Mac, has launched a new loan modification program. The program is a major departure from HAMP and HARP (thankfully!). It puts mortgage servicers in charge of delivering relief, instead of requiring homeowners to run down, chase, and exhaust themselves contacting their mortgage company.

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You're Welcome, Lauren Willis, But You're Not Going Anywhere

03/27/13

Lauren Willis has joined us for the last month as a guest blogger, and in her most recent post thanked us for allowing her to "use our soap box." You're very welcome, Lauren, but we really don't want you to leave.  We're happy to report that Lauren has agreed to add her voice to Credit Slips as one of our "Occasional" bloggers.

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Who Do You Want to Believe -- Equifax or the U.S. Census?

03/25/13

The Chicago Tribune is running a Reuters story describing a study from Equifax that student loan write-offs totaled $3 billion in the first quarter of 2013. It's an impressive study. According to the story, "Equifax analyzes data from more than 500 million consumers to track financial trends."

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Run around in the radiation

03/22/13

Some thoughts on the bankruptcy of solar panel maker Suntech, at Dealb%k.

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Freddie Mac Indifferent to Homeowner Complaints

03/22/13

That is the finding of a report released yesterday by the Inspector General of FHFA, the agency that oversees our nationalized mortgage funders Fannie Mae and Freddie Mac.  Mortgage servicers are paid incentives by Freddie for quick foreclosures, but not for resolving homeowner complaints about mishandled foreclosure prevention and loss mitigation.  Bank of America took an average of 59 days to resolve homeowner complaints, well beyond the 30-day limit imposed by the servicer alignment initiative, and as of Januar

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Me Too

03/21/13

Some thoughts on Cyprus, over at Dealb%k.

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