Los Angeles, CA – Two in five U.S. military members have a difficult time paying their monthly bills, 38 percent of military homeowners have an underwater mortgage and more than a third use risky borrowing methods like payday loans to get fast cash1.
Customer-Centric Business Banking Center Expands Mid-State Footprint
Nashville, TN – First Advantage Bank has expanded into Williamson County, opening its second Nashville-area business banking location in less than a year.
The new site, located at 1212 Murfreesboro Road (Highway 96) in Franklin, TN, is a strategic move by the Clarksville-based community bank to continue growing its commercial lending presence in Middle Tennessee and deliver a high-tech, streamlined, and deeply personalized banking experience.
Sentiment Stable as Employment Measure Records Third Straight Month in Positive Territory
Yonkers, NY – The Consumer Reports Index, an overall measure of Americans’ personal financial health, shows Americans are reporting significantly fewer financial troubles. The Index’s trouble tracker measure fell sharply to 34.0 from 41.7 a month earlier—the lowest level since the organization first measured it in April 2009.
The Consumer Reports trouble tracker has dropped more than 50 percent from its high-water mark in September 2009, when this measure reached 68.7. The greatest drop in financial difficulties over the past 30 days was among those in households earning less than $50,000, followed by the most affluent in homes earning $100,000 or more. Amidst this general drop in financial difficulties, middle-income Americans experienced a slight rise in financial troubles. «Read the rest of this article»
Denise Alexander, vice president and operation manager for F&M’s mortgage department has been promoted to senior vice president of F&M Bank.
Yvonne Witzler, assistant vice president and manager of F&M’s mortgage office in Clarksville has been promoted to vice president of F&M Bank.
Clarksville, TN – Representatives of the United States Department of Agriculture’s Guaranteed Rural Housing (GRH) Program presented its prestigious Premier Lender for 2012 award to representatives of F&M Bank.
Making the presentation are Deneen Clayton and Shinika Jenkins, GRH loan specialists, and Don Harris, GRH Housing program director. Accepting the award for F&M are: DeWayne Olive, executive vice president and chief financial officer; Denise Alexander, vice president and mortgage operation manager; Yvonne Witzler, assistant vice president and manager for the bank’s Clarksville mortgage office; and Rodney Wilds, manager for the bank’s Brentwood mortgage office.
Eligibility Broadened, Funding Increased
Nashville, TN – A program that has helped thousands already is broadening its limits to make an even greater impact.
Tennessee Housing Development Agency (THDA) administers the federal foreclosure prevention program in Tennessee under the name Keep My Tennessee Home. Answering simple questions at www.KeepMyTNHome.org establishes eligibility. The program is designed for homeowners who have lost 30% or more of their income.
Over 2,400 Tennessee households have received financial assistance since the program began in January 2011. «Read the rest of this article»
New York, NY – The benchmark conforming 30-year fixed mortgage rate retreated from 4.38 percent to 4.33 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.42 discount and origination points.
The average 15-year fixed mortgage inched lower to 3.57 percent while the larger jumbo 30-year fixed rate held steady at 4.89 percent. Adjustable rate mortgages were mostly lower, with the average 5-year ARM dropping to 3.22 percent and the 7-year ARM sliding to 3.43 percent. «Read the rest of this article»
‘Dispirited’ Consumers Facing Difficulties with Jobs, Weak Finances
Yonkers, NY – August’s Consumer Reports Index, a measure of overall consumer sentiment, fell to its lowest level since December 2009 and registered its sharpest drop in two years, as recent events in Washington about the debt ceiling debate fixed attention on the weak economy.
“The debt ceiling debate in Washington focused the consumer’s attention fully on the dire state of the economy, leaving many in a dispirited mood,” said Ed Farrell, director of the Consumer Reports National Research Center. “Americans are facing real financial difficulties due to weak employment, which is a key impediment to an economic recovery. This is reflected in nearly every measure of the consumer’s experience.” «Read the rest of this article»
Income Reduction Eligibility Key
Nashville, TN – Tennessee Housing Development Agency is able to make mortgage payments for eligible homeowners through the U.S. Treasury’s Hardest Hit Fund. Eligibility questions are available on the application portal: www.KeepMyTNHome.org.
The program is designed to help unemployed and substantially underemployed homeowners meet their mortgage obligations. Tennessee was allocated $217,315,593 million dollars for the program which is administered by states’ housing finance agencies. «Read the rest of this article»
Protecting your assets — what to do if disaster strikes
Yonkers, NY – With natural disasters like hurricanes, earthquakes and tornados in the news so often, and the economy still struggling to stabilize, consumers are rightly concerned these days about their financial future should serious trouble strike.
“You can count on the government and sometimes your employer to help, but most of the burden of safeguarding your finances still falls on your shoulders,” said Noreen Perrotta, Editor, Consumer Reports Money Adviser.
The experts at Consumer Reports Money Adviser provide the following checklist to help you fill any holes in your financial safety net. «Read the rest of this article»
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