On July5, The FDIC Set The Weekly National Rates and Rate Caps

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On July5, The FDIC Set The Weekly National Rates and Rate Caps

Saturday, July 9th, 2011 | Comments Off

Just over 26 months ago, on May 29, 2009, the FDIC Board approved a rule for revisions to interest rate restrictions applicable to what they defined as “less than well capitalized institutions” under Part 337.6 of the FDIC Rules and Regulations. That rule, known as the “final rule” redefined the “national rate” as a simple [...]

Mortgage Delinquency Rate Drops For Five Quarters

Thursday, June 9th, 2011 | Comments Off

Good news in the mortage sector! For the fifth consecutive quarter, the national mortgage delinquency rate has dropped. There were rises in come states, but overall, the trend was lower. In its Q1 2011 overview of U.S. consumer credit status, Transunion says the rate of borrowers who are 60 days or more past due, dropped [...]

Personal Money Market Rates Over 1.00%

Monday, April 25th, 2011 | Comments Off

‘”Search and ye will find” is a phrase many know, but it isn’t always true. Some things you just cannot find, and some things are very hard to find. That’s the case if you are looking for yields over 1% for current national money market rates. Our banking editors put together this list of some [...]