Home buying : Most affordable in decades

CNNMoney

According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index, 75.9 percent of all new and existing homes sold during the fourth quarter 2011 could have been comfortably purchased by families earning the national median income of $64,200.

Mortgage reports shine rays of home for housing

The Los Angeles Times

A Mortgage Bankers Association report Thursday said that after seasonal adjustments, 7.58 percent of all residential mortgages were delinquent by at least one payment as of the fourth quarter of 2011.  That was down from 7.99 percent in the third quarter of 2011 and 8.25 percent in the fourth quarter of 2010.

How to spot signs of a foreclosure scam

The San Diego Union Tribune

Renters in areas hit hard by foreclosures have been tartgeted with panic-inducing flyers stating they will be evicted.  However, renters living in properties that have been freshly foreclosed upon have rights.

Home buying : Most affordable in decades

CNNMoney

According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index, 75.9 percent of all new and existing homes sold during the fourth quarter 2011 could have been comfortably purchased by families earning the national median income of $64,200.

Tip of the Week: Consumer Protection Working Group launched to Combat Consumer Fraud

The Consumer Protection Working Group, formed under President Barack Obama’s Financial Fraud Enforcement Task Force (FFETF), recently convened its first meeting to address consumer fraud, which can financially cripple households and can cause extensive losses to the economy. 

The newly created group will work across federal law enforcement and regulatory agencies, and with state and local partners, to strengthen efforts to address consumer-related fraud, including schemes targeting vulnerable populations, such as the unemployed, those in need of payday loans, and those suffering from the burden of high credit card and other debt. The new working group will also focus on scams that exploit prospective students, active-duty military personnel and veterans.

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