The same problems that plagued the foreclosure process — and prompted a multibillion-dollar settlement with big banks — are now emerging in the debt collection practices of credit card companies. As they work through a glut of bad loans, companies like American Express, Citigroup and Discover Financial are going to court to recoup their money. […]

Chase makes loan modifications easier by Kimberly Miller Palm Beach Post JPMorgan Chase is reducing home loan interest rates and cutting mortgage debt balances with nothing more than a homeowner’s signature, and sometimes even that isn’t required No more faxing documents over and over again or waiting months for an answer. The plan, which is […]

Citi Pilots Mortgage-to-Lease Program in Six Troubled Markets Citigroup (NYSE: C) has launched a new Mortgage-to-Lease Pilot Program with Carrington Capital Management to support struggling homeowners. The initiative aims to help families remain in their homes by converting their mortgage payments into rent. How the Home Rental Program Works Announced on Wednesday, the Home Rental […]