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In foreclosure-related news, a recently released report from the U.S. credit reporting agency TransUnion is causing both consternation and confusion among many real estate experts due to its unanticipated findings.

Specifically, TransUnion found that during the third fiscal quarter of 2011 – which runs from June to September – the rate at which U.S. homeowners were late by 60 days or more with their mortgage payments rose to 5.88 percent. By comparison, the second fiscal quarter of 2011 saw a mortgage delinquency rate of 5.82 percent.

While this increase may seem small, it still marks the first time since the end of 2009 that mortgage delinquency rates have risen.

Clearly, TransUnion officials were caught off guard by this development.

“It’s much different than we’ve been talking about the last few quarters,” said Tim Martin, the vice president of TransUnion’s U.S.

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Tags: Report, Report Mortgage

The word “bank” is derived from the Italian word “banca”, which comes from Germany, meaning “bench”. For banks to exist, they need to make a profit just as with any other business. For traditional brick and mortar banks, the majority of profit comes from fees charged for various financial services being offered, as well as interest being charged on loans, CDs, etc. While online banking also makes a profit through fees and interest charged, other ways are used as well.

For instance, thanks to technology, online banks have the ability to create affiliate partnerships whereby networking and sharing of information yields profits. Additionally, online banks can set up pages on their websites for information and tools such as articles and loan calculators. In this cas

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Chase, Discover unveil yet more enhancements to rewards credit cards by Peter Andrew

Wed love to report on some juicy behind-the-scenes goings-on at one of the major credit card issuers, but thats going to have to wait for another day. Because todays top story involves two recent improvements to rewards credit cards one from Chase and the other from Discover that deserve attention.

Chase turns rewards credit cards into travel rewards cards

Lets start with Chase, which has managed a form of plastic alchemy by turning three of its ordinary rewards credit cards into travel rewards cards. Well, sort of.

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Tags: Cards, Credit Cards, Rewards Credit, Rewards Credit Cards