Mortgage servicer Ocwen was ordered today to cut clients’ loan balances by $2 billion and refund $125 million to the nearly 185,000 borrowers who have already been foreclosed. Ocwen is the country’s largest non-bank mortgage service company according to the Consumer Financial Protection Bureau, which filed the proposed court order along with regulatory authorities in […]
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Thursday’s need-to-know money news
Today’s top story: A massive customer data breach at Target. Also in the news: Six things to do with your money before the new year, combating the hidden holiday costs, and five things you probably didn’t know about identity theft. Target Says Data Was Stolen From 40 Million Shoppers If you shopped at Target after […]
Holiday tipping: what you really need to know
Writing about holiday tipping for MSN was always a bit fraught, mostly because a fair number of people every year seemed to think I invented the practice–and resented me deeply for it. Here’s the scoop, per the Emily Post Institute: Holiday tipping exists. It’s a thing, in every region of the country. Who you tip […]
Wednesday’s need-to-know money news
Today’s top story: Financial tips that should be ignored. Also in the news: Lessons from Millennials, questions to ask about your health-care costs during retirement, and learning the basics of the 401(k). 5 Financial Tips That Can Lead You Astray Tips that belong on the Do Not Follow list. 20 Lessons We Can Learn From […]
New giveaway: “Confessions of a Credit Junkie”
Congratulations to Kim from Davis, California, who won the copy of Mary Hunt’s “The Smart Woman’s Guide to Planning for Retirement” that I was giving away last week. This week’s giveaway is Beverly Herzog’s “Confessions of a Credit Junkie.” Beverly made big mistakes with her credit, but was able to dig her way out. In […]
Credit myths that need to die
The more you understand about how credit works, the more frustrated you get with how much misinformation is floating around out there. At least, that’s true for me and the three experts who joined me last week on a Google hangout to talk about “Credit myths that need to die.” John Ulzheimer, who’s worked at […]