Consumer Debt News

The Nasdaq OMX took another swipe at the London Stock Exchange on Monday by saying it will pursue stock-market listings in the U.K., just days ahead of the launch of its pan-European trading service.

NEW YORK , Aug. 25 /PRNewswire-FirstCall/ — Franklin Credit Management Corporation FCMC today announced that it received a notice from the NASDAQ Stock Market (”NASDAQ”) and that, unless the Company requests an appeal of NASDAQ’s determination …
Read the Full Story Here: Franklin Credit Management Receives Notice of Delisting From NASDAQ - MSN MoneyCentral

Franklin Credit Management Corporation today announced that it received a notice from the NASDAQ Stock Market and that, unless the Company requests an appeal of NASDAQ’s determination, trading in the Company’s common stock on The NASDAQ Capital Market will be suspended at the opening of business on August 29, 2008.
Read the Full Story Here: Franklin [...]

NEW YORK, Aug 25, 2008 /PRNewswire-FirstCall via COMTEX/ — Franklin Credit Management Corporation (Nasdaq: FCMC) today announced that it received a notice from the NASDAQ Stock Market (”NASDAQ”) and that, unless the Company requests an appeal of …
Read the Full Story Here: Franklin Credit Management Receives Notice of Delisting From NASDAQ … - CNBC

The student loan market is rejecting more applicants because of too-low credit scores, but the market is still advancing money, even as colleges prepare to resume classes. Some tips from CNN’s Gerri Willis on how to nab a loan.
Read the Full Story Here: Qualifying for a student loan

Mortgage application volume fell last week to its lowest levels in more than six years, the Mortgage Bankers Association said Wednesday.
Source: Mortgage applications hit six year low

NEW YORK (AP) _ Stocks fell for a third straight session Wednesday after worries about the financial sector and a rise in oil prices offset investors’ enthusiasm over an upbeat profit report from Hewlett-Packard Co. Concerns about the well-being of …
Read the Full Story Here: Stocks fall modestly on worries about Fannie Mae, Freddie Mac; [...]

Sallie Mae, the nation’s largest student lender, spent $640,000 lobbying in the second quarter for government help to shore up the troubled student loan market and on legislation related to other issues affecting the industry, according to a recent disclosure report.
Read the Full Story Here: Sallie Mae spent $640K lobbying Uncle Sam

These are the dog days of summer, the height of our national vacation season. But instead of hitting the beach, people in Washington and on Wall Street are spending their days all atwitter with ideas of what new regulations and rules and controls we need to deal with our financial market meltdowns, the worst since [...]

Rates on 30-year mortgages remained unchanged for the second consecutive week as this week brought a mixed bag of economic readings.
Read the Full Story Here: Mortgage rates hold steady again

More banks are tightening lending standards on home mortgages and other consumer and business loans as a deepening credit crisis exerts a heavier toll on the economy.
Read the Full Story Here: Fed sees credit crisis crimping lenders

Mortgage finance giant Fannie Mae tumbled in Monday trading after an analyst downgraded the stock, cut the price target and slashed earnings estimates for the company.
Read the Full Story Here: Fannie sinks on downgrade

Times are tough, and understanding your credit score is crucial to financial survival. But knowing your score and getting access to it isn’t so easy.
Read the Full Story Here: Settling the credit score

Mortgage finance giant Freddie Mac on Wednesday reported a much bigger-than-expected loss, slashed its dividend and warned of more problems ahead for the battered housing and credit markets.
Read the Full Story Here: Big loss, grim outlook at Freddie Mac

Mortgage application volume rose 2.8% during the week ending Aug. 1, according to the Mortgage Bankers Association’s weekly application survey.
Read the Full Story Here: Mortgage applications rise 2.8%