The National Foundation for Credit Counseling is celebrating April as Financial Literacy Month with the launch of termineconsudeuda.org, designed to educate Spanish speakers about financial challenges related to job loss, foreclosure, and consumer debt obligations. Education tools available on the site include a consumer tips section, a budget worksheet, multiple calculators and consumer tips articles, credit counseling process information, answers to frequently asked questions, and information on how to locate an NFCC Member Agency to set an appointment for counseling. It adds to previous NFCC products available in Spanish such as: Claves Para Ser Propietario (Keys to Homeownership), Mejore su Suerte (Better Fortunes), Hay Mas de Una Salida (More than One Way Out), Viva Una Vida Mas Plena (Live a Richer Life), a financial recovery roadmap post-bankruptcy, and a free DVD about foreclosure. The NFCC network of member agencies includes hundreds of trained and certified Spanish-speaking counselors.
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The Federal Deposit Insurance Corp. issued proposals Thursday that would reduce planning requirements for big banks and slash deposit insurance prices, citing the financial health of the Deposit Insurance Fund.
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Christopher Phelan, President Donald Trump's nominee to chair the Council of Economic Advisers, declined to directly answer questions about recent inflation data and the effects of tariffs on consumers during a Senate confirmation hearing Thursday.
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Median purchase loan payments hit $2,198 in May, up 2.1% from April, as rising rates and home prices threaten to dampen origination volume, MBA reports.
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Experts aren't forecasting immediate relief and instead are citing silver linings in rate certainty and greater mortgage demand as compared to the same time last year.
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Federal Reserve Vice Chair for Supervision Michelle Bowman said Thursday morning that the central bank recently finalized a new organizational structure for its supervision and regulation division.
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Almost 75% of brokers reported growing non-QM volume in their business over the last three years, and just 3.7% said volume decreased, according to AD Mortgage.
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