One of the biggest headlines of the year is the weak real estate industry, as experts speculate the commercial real estate market will bottom out in 2010. Real estate used to a sure bet, and now that it has plummeted people are left wondering how to make safe investments. Many have ditched the traditional forms of investing [...]
Tags: 2010
Posted September 14, 2010 by Hanna Silver under Financial News
Branch Banking & Trust (BB&T) took the top honors in the 2010 U.S. Primary Mortgage Servicer Satisfaction Study(SM) released today by J.D. Power and Associates. The North Carolina-based bank scored a 795 out of a possible 1,000 points thanks to its fee transparency and billing and payment processes. Last year the bank ranked second in [...]
Tags: 2010, Mortgage Servicer
Posted August 28, 2010 by Admin under Financial Guru
How will the CARD Act affect policies? The Credit Card Accountability, Responsibility, and Disclosure Act (CARD Act), signed into law in May 2009, took effect on February 22, 2010. Designed to protect consumers from deceptive and costly credit card company practices, the CARD Act has generated many changes for credit cards and cardholder accounts. CARD [...]
Tags: 2010, Credit Card
Posted August 24, 2010 by John Wane under Financial News
Below is a list of the top 10 residential mortgage lenders in the first quarter of 2010, based on data from MortgageStats.com. Each bank in the top 10 saw fundings drop compared to a year earlier, with many seeing declines of 25-50 percent. Wells Fargo led the way with $77 billion in first quarter originations, [...]
Tags: 2010, First Quarter, Mortgage Lenders
Posted July 26, 2010 by Admin under Financial Guru
The deep recession may be steadily winding down, but the banking industry still faces financial challenges that should generate further changes in 2010 and beyond. The effects of the collapse of the real estate and mortgage market causes long-term problems for the entire banking industry. There aren’t, nor have there ever been, “quick fixes” that [...]
Tags: 2010, Banking Industry
Posted June 18, 2010 by John Wane under Financial News
After a tumultuous 2009 during which credit card complaints spiked to unprecedented levels, consumer complaints have decreased significantly in 2010. Much of this decrease can likely be attributed to the fact that most credit card companies wrapped up complaint generating rate increases during the final quarter of 2009. The rest can be attributed to the [...]
Tags: 2010, Card Complaints, Credit Card, Credit Card Complaints
Posted February 11, 2010 by Admin under Financial News
Welcome to another stimulus edition. Now that The Worker, Homeownership, and Business Assistance Act of 2009 extended the home buyer tax credit through April 30, 2010, offering specifically a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence, and a tax credit of up to $6,500 for qualified repeat [...]
Tags: 2010, Buyer Tax, Buyer Tax Credit, Tax Credit
Posted November 15, 2009 by Admin under Financial News