Most reverse mortgage borrowers choose to tap their home equity in a lump sum payment provided by the lender, rather than as a line of credit. But that offering is about to change.
Another deal's been reached related to the foreclosure mess. It seems that homeowners who were rushed to foreclosure improperly will get the biggest payout, up to $125,000, depending on the errors they encountered.
If you're a Discover, American Express or Capital One credit card holder, you may see your balance shrink in the coming months. And not because you dutifully paid down debt.
As we watch President Obama and Congress haggle over taxes and spending, some interesting (and downright depressing) data has come out of two organizations.