More than just JP Morgan’s weak outlook on consumer lending was taking down financial stocks today. Credit – card master trust data is also weighing on the banks.
Oddly, Felix Salmon and I find ourselves on different sides of a debate over credit card rates–and he is taking the side of the banks. Felix is worried about an impending rule against putting “floors” on credit card interest rates: …
Frustrated by the banks’ inability or unwillingness to stop an avalanche of foreclosures, the states are considering lawsuits over the creation and marketing of millions of bad loans as well as the dismal pace of mortgage modifications.
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When you are shopping for your mortgage loan you will come across several terms you might not understand. And because the biggest financial decision ever been made by you is a mortgage loan, it is important to understand all those terms. And you should understand them before signing any papers.
So what is meant with rates, fees and points?
One of the best ways to maintain financial health is managing your bank accounts. With a single bank account like many people this simply involves balancing the check book at the end of the month. With various bank accounts this can be quite challenging.
But it is good work because if you want to get somewhere financially you have to know where you are right now.