Countrywide Financial Corp., Calabasas, Calif., has announced the donation of $1 million over the next five years to the U.S. Conference of Mayors' National Dollar Wi$e Financial Literacy Campaign.The campaign, launched in 2004 by the Conference's Council on the New American City, encourages the development of local efforts to educate citizens about personal financial issues. The funds will be used to support the national Dollar Wi$e campaign and to create a program that will provide Capacity Grants to participants seeking to expand their Dollar Wi$e financial education programs, the company said. "High-quality financial literacy training is critical if we are to establish a new generation of educated consumers, who are not only able to secure a home, but who have the necessary financial management skills to retain it," said Countrywide's president and chief operating officer, Stanford L. Kurland. "In this way, programs like Dollar Wi$e benefit consumers by helping them become and remain homeowners, and the mortgage industry, as well, by helping to lower costs for originations and servicing." Countrywide can be found online at http://www.countrywide.com.
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A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
6h ago -
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
9h ago -
While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
11h ago -
The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
July 11 -
Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
July 11 -
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
July 11