Archive for the ‘Banking’ Category
Wednesday, February 17th, 2010
The standard Settlement Statement, the HUD-1, just got a makeover this December. The extra page is an extra burden on lenders to get the Good Faith Estimate right the first time.
Last week at the closing for our new house, we got a small bonus courtesy of the new requirements. The ...
Posted in Banking, Real Estate | 1 Comment »
Saturday, February 6th, 2010
I've been talking about some things related to the home purchase we're doing now. One of the conditions of purchasing our new home was ability to get financing. Since I couldn't buy with cash, I needed to apply for a mortgage. What I couldn't do was make the purchase contingent ...
Posted in Banking, Real Estate | 1 Comment »
Friday, February 5th, 2010
I initiated a wire transfer today from an out-of-state credit union to my home credit union. Because the amount of money was fairly significant, they called me up to verify a few things before they did the transfer.
After the woman gave her name and who she worked for, she asked ...
Posted in Banking | 3 Comments »
Tuesday, January 19th, 2010
This Huffington Post article puts a big spotlight on all of the money that credit card companies and banks are making by being the broker of donations to charities that support rescue and aid over in Haiti:
About 97 percent of these donations will actually make it to the designated organizations ...
Posted in Banking, Charitable Giving, Commentary, Credit | 6 Comments »
