Articles

First Federal Savings and Loan of Pascagoula, MS is offering a 3.25% APY 60-Month CD. That's the highest rate in the nation according to the BestCashCow CD rate tables.

Have you been the victim of a mortgage scam? Have you heard of someone who has been a victim? Here are three common mortgage scams and how they work so you can know what to look for if it ever happens to you.

In a previous article, we told you about the common mortgage scams that have been going around for year. Here are some ways to prevent yourself from becoming a victim of one of these scams.

Another bank joins JPMorgan Chase in efforts to ease the burden on military mortgage borrowers who are having troubles making their mortgage payments upon returning from active duty.

The Federal Reserve today voted to keep rates pegged at 0 - .25%, offering little hope to savers but more good time for borrowers. The Fed's statement did contain some signs of hope though.

The Japanese earthquake and tsunami are terrible humanitarian disasters. In today's global world, events in one country can quickly impact everyone. Just as the tsunami waves impacted the West Coast of the United States, it is worth pondering what the disaster's ripple effect will be on the US economy and rates.

With pending legislation threatening to cap the transaction fees banks can collect from debit card purchases, large banks are pulling back on the rewards. However small banks may have an ace in the hole and benefit.

Conventional mortgages are keeping some people from purchasing a home because they can't save up a down payment. But an FHA loan requires a smaller down payment and they are also more flexible. Do you think an FHA loan would be right for you?

Citibank, Bank of America, JP Morgan, Morgan Stanley and Goldman Sachs are creating interesting structured instruments for their subsidiaries' brokerage customers. These products offer a fixed return above those available in even the best savings and CD accounts. Is the environment still dangerous for banks and are these products too good to be true?

Some local banks are gaining assets through creative products. The Provident Bank of NJ is offering a very high yield checking account. They are bucking the trend and driving business.

Banks are trying to differentiate themselves by quirky products. One challenge is how brick and mortar banks can compete with internet banks. Sovereign is trying its best. One of their newest products allows one to triple their interest.

Few people can argue that there is no need for changes in the mortgage industry. But are the changes being proposed by Congress and the government the best way to turn things around?

Many people are calling HAMP an unsuccessful flop and a waste of money. Was it a success? And if not, what more can be done to help those homeowners who are having problems making their mortgage payments?