In a report just released by a foreclosure tracking service the number of homes in foreclosure increased a whopping 27% in January 2006 and a 45 percent increase from January 2005, with the state of Georgia leading in the number of foreclosures.
“The number of foreclosures from predatory lenders and inflated appraisals remains unclear […]
September 29, 2005 Credit card delinquencies shot to a record high in the second quarter, as consumers tried to keep up with rising gas prices and increasing interest rates without curtailing spending, a report showed yesterday. The percentage of credit card accounts that were 30 days or more past due rose to 4.81 […]
Analysts said today that summer gasoline prices are expected to be about $2.25 a gallon for regular unleaded. Prices are projected to be $5 a gallon within two years, according to one survey. For consumers already experiencing the high cost of predatory loans such as credit card loans and predatory second mortgages, patience […]
Predatory lending terms, particularly prepayment penalties and balloon payments, significantly raise subprime borrowers’ risks of losing their home, according to new research. According to Household - HSBC Watch, when predatory lenders quote false low monthly payments such terms break the family budget when higher payments must be made.
Visitors to Household - HSBC Watch can […]
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An open letter to HSBC, Knight Vinke and Stephen Green
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.
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