JPMorgan Chase & Co. is looking to add between 500 and 1,000 mortgage-servicing jobs in Ohio. The staff expansion will help the company deal with issues brought up in a recent settlement between the biggest mortgage servicers and federal regulators. But the jobs aren’t expected to last more than [...] Continue Reading…

Missed mortgage payments, serious loan delinquencies, loan modifications, short sales, foreclosures and bankruptcies all drag down scores.

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Deborah Lutz’s apartment reflects her keen interest in the 19th century – taxidermy, mourning jewelry and all.

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Vittorio Hernandez – AHN News
Redmond, WA, United States (AHN) – Microsoft Corp. announced over the weekend that it has sold more than 350 million licenses of its operating system Windows 7 in a span of just 18 months after the system’s launch. The sales broke Microsoft’s own record of selling 330 million licenses of Windows Vista after 24 months. Compared to the first 18 months of sale, Windows Vista sold 180 million licenses. IT experts, however, pointed out that Windows 7 is far behind compared to Windows XP, which is used in about 50 percent of computers around the world. The experts added that over 90 percent [...] Continue Reading…

The founder, chairman and chief executive officer of First Mariner Bancorp has agreed to resign as part of a tentative deal to secure a desperately needed cash infusion. Losses started at a Northern Virginia division that started making no-income verification mortgages. “It started off as a trickle, and it [...] Continue Reading…

A mortgage is a lien or a loan for a house or property which is payable over a period of time. This loan is primarily borrowed to finance a house purchase. As a home is one of the most important possessions of a family. A home mortgage decision should be made with careful consideration. Tulsa mortgage is primarily concerned with providing mortgages to people living in Tulsa, Oklahoma. There are quite a number of Tulsa Mortgage Companies. These Companies deal with securing financing for those who are interested in purchasing homes for the first time. Tulsa mortgage companies are known to provide Tulsa mortgage at the lowest mortgage interest [...] Continue Reading…

DHAKA, Bangladesh (IRIN) – Lack of regulation and a surplus of donor funds in Bangladesh’s microcredit industry have led to NGOs pushing loans to over-indebted borrowers, says BRAC, the world’s largest development organization and heavily involved in the country’s microfinance industry. Asked whether BRAC itself had pushed loans onto borrowers who could not afford them, Shameran Abed, programme head of microfinance at BRAC, told IRIN: “Yes,” citing “excess liquidity” and a lack of communication between lenders. “In the mid 2000s, the microfinancing industry grew too fast. And yes, we did,” said Abed. “But I’ll tell you why we did – we didn’t have perfect information.” In [...] Continue Reading…

Washington, DC, United States (KaiserHealth) – My ZIP code is a black hole for individual health insurance. That’s what I recently discovered when I tried to find the coverage I want at an affordable price. What hubris I had. My story started in 2009, when my position as a journalism professor at a small college was eliminated, and I lost my health benefits along with the job. In the ensuing months, as the clock ticked on my COBRA extension, I began to focus on finding a new health plan. I thought it would be a matter of dealing with mild sticker shock and doing comparative shopping. I [...] Continue Reading…