News

NEW YORK -- The Dow Jones industrial average experienced another one-day record drop on Oct. 7, plunging 800 points, and then recovering some of that ground but closing down nearly 370 points.

TEWKSBURY, Mass. -- Nearly one in five in a new AARP survey said they have stopped or reduced putting money into their 401(k)s and individual retirement accounts and 20% have postponed a planned retirement as a result of the current economic slowdown.

SALISBURY, Md. -- More than 50 million consumers--an estimated 25% of the mortgage market--do not qualify for mortgages because they do not have traditional lines of credit such as credit cards or student loans. However, many of them pay their rent, gas, electric and phone bills on time--factors that are...

MADISON, Wis. -- The Filene Research Institute has released a research paper on member card behavior that suggests credit unions get involved with members stressed about their debt earlier rather than later.

ATLANTA -- Small business owners behind in their mortgage payments are more likely to save their businesses rather than their homes according to a new study from Experian.

WASHINGTON -- The Federal Housing Administration issued a mortgagee letter last week reminding lenders that it can hit them with treble damages if they don't try to work with distressed borrowers.