ECREDITDAILYTRANSLATE THIS PAGE Latest: Consumers’ Credit Scores are Improving, Despite Taking on More Debt; 30-Year Mortgage Rate Averaged 3.9% in 2019; Here’s the

Outlook for 2020

ECREDITDAILY

Latest: Consumers’ Credit Scores are Improving, Despite Taking on More Debt; 30-Year Mortgage Rate Averaged 3.9% in 2019; Here’s the

Outlook for 2020

FEATURED – PAGE 2 – ECREDITDAILY A California woman claims in the suit that when she bought a Samsung Galaxy S5, Apple’s iMessage system for iPhones stopped delivering text messages to her. HOME PRICES: 21 STATES HIT NEW HIGHS; 5.9% YEAR-OVER-YEAR Nationally, prices of U.S. single-family homes, including distressed sales, saw a 5.9 percent year-over-year increase on average in May, with 21 states seeing new highs, according to CoreLogic‘s latest update released today. HOME PRICES SEE 10% YEAR-OVER-YEAR JUMP, INCLUDING If you include distressed sales, those involving foreclosures, bank-owned properties and short sales, then home prices made a robust 10 percent year-over-year jump in January, according to CoreLogic. ONLY 24% OF ELIGIBLE GETTING MORTGAGE MODIFICATIONS The underperformance focus of the government’s primary mortgage-relief program has centered on how many payment reduction trials have been made permanent. FANNIE, FREDDIE: SHARED DATA PROTOCOL TO HELP MANAGE RISK The regulator over mortgage financing giants Fannie Mae and Freddie Mac said the two entities will share a new data collection protocol on loan and appraisal information that will improve risk management. AMERICAN EXPRESS DEBUTS 'PLENTI' MULTI-BRAND REWARDS, BUT American Express has launched Plenti, a loyalty program with a big twist: It allows U.S. shoppers to earn points at major retailers without being restricted to a credit card issuer or a single brand. CHEVROLET VOLT PRICED AT $41K; BUT LEASE AT $350/MONTH The Chevrolet Volt from General Motors – the first mass-produced electric vehicle from a U.S. carmaker – will sell for $41,000, but consumers will have a more attractive lease deal if they get too much of a jolt from the sticker price. PEOPLE ARE GOING INTO APPLE STORES TO BEND THE IPHONE 6 Source: Cramersshirt.weebly.com This could be one of the most bizarre pastimes borne out of social media hype: The intentional bending of the brand new iPhone 6 Plus at ECREDITDAILYTRANSLATE THIS PAGE Latest: Consumers’ Credit Scores are Improving, Despite Taking on More Debt; 30-Year Mortgage Rate Averaged 3.9% in 2019; Here’s the

Outlook for 2020

ECREDITDAILY

Latest: Consumers’ Credit Scores are Improving, Despite Taking on More Debt; 30-Year Mortgage Rate Averaged 3.9% in 2019; Here’s the

Outlook for 2020

FEATURED – PAGE 2 – ECREDITDAILY A California woman claims in the suit that when she bought a Samsung Galaxy S5, Apple’s iMessage system for iPhones stopped delivering text messages to her. HOME PRICES: 21 STATES HIT NEW HIGHS; 5.9% YEAR-OVER-YEAR Nationally, prices of U.S. single-family homes, including distressed sales, saw a 5.9 percent year-over-year increase on average in May, with 21 states seeing new highs, according to CoreLogic‘s latest update released today. HOME PRICES SEE 10% YEAR-OVER-YEAR JUMP, INCLUDING If you include distressed sales, those involving foreclosures, bank-owned properties and short sales, then home prices made a robust 10 percent year-over-year jump in January, according to CoreLogic. ONLY 24% OF ELIGIBLE GETTING MORTGAGE MODIFICATIONS The underperformance focus of the government’s primary mortgage-relief program has centered on how many payment reduction trials have been made permanent. FANNIE, FREDDIE: SHARED DATA PROTOCOL TO HELP MANAGE RISK The regulator over mortgage financing giants Fannie Mae and Freddie Mac said the two entities will share a new data collection protocol on loan and appraisal information that will improve risk management. AMERICAN EXPRESS DEBUTS 'PLENTI' MULTI-BRAND REWARDS, BUT American Express has launched Plenti, a loyalty program with a big twist: It allows U.S. shoppers to earn points at major retailers without being restricted to a credit card issuer or a single brand. CHEVROLET VOLT PRICED AT $41K; BUT LEASE AT $350/MONTH The Chevrolet Volt from General Motors – the first mass-produced electric vehicle from a U.S. carmaker – will sell for $41,000, but consumers will have a more attractive lease deal if they get too much of a jolt from the sticker price. PEOPLE ARE GOING INTO APPLE STORES TO BEND THE IPHONE 6 Source: Cramersshirt.weebly.com This could be one of the most bizarre pastimes borne out of social media hype: The intentional bending of the brand new iPhone 6 Plus at ECREDITDAILYTRANSLATE THIS PAGE Latest: Consumers’ Credit Scores are Improving, Despite Taking on More Debt; 30-Year Mortgage Rate Averaged 3.9% in 2019; Here’s the

Outlook for 2020

ECREDITDAILY

Latest: Consumers’ Credit Scores are Improving, Despite Taking on More Debt; 30-Year Mortgage Rate Averaged 3.9% in 2019; Here’s the

Outlook for 2020

FEATURED – PAGE 2 – ECREDITDAILY A California woman claims in the suit that when she bought a Samsung Galaxy S5, Apple’s iMessage system for iPhones stopped delivering text messages to her. HOME PRICES SEE 10% YEAR-OVER-YEAR JUMP, INCLUDING If you include distressed sales, those involving foreclosures, bank-owned properties and short sales, then home prices made a robust 10 percent year-over-year jump in January, according to CoreLogic. ONLY 24% OF ELIGIBLE GETTING MORTGAGE MODIFICATIONS The underperformance focus of the government’s primary mortgage-relief program has centered on how many payment reduction trials have been made permanent. IRS: I.D. THEFT, PHISHING & PREPARER FRAUD TOP ‘DIRTY Updated 04.24.2012: Refund schemes involving identity theft, phishing emails and prepare fraud top the Internal Revenue Service’s annual list of the “Dirty Dozen” tax scams. CHEVROLET VOLT PRICED AT $41K; BUT LEASE AT $350/MONTH The Chevrolet Volt from General Motors – the first mass-produced electric vehicle from a U.S. carmaker – will sell for $41,000, but consumers will have a more attractive lease deal if they get too much of a jolt from the sticker price. FTC: TRACFONE DECEIVED CONSUMERS ABOUT 'UNLIMITED' DATA TracFone is the largest prepaid wireless provider in the U.S. and it has heavily promoted “unlimited” data offerings since 2009 for

about $45 a month.

FLORIDA FOSTER PARENTS PAINT THEIR HOUSE AS AMERICAN FLAG A Bradenton, Fla. family had enough of code enforcement hassles and regulations and decided to protest in their own way. Tired of receiving citations, the family decided to PRICEY WHOLE FOODS CHAIN TO TEST REWARDS PROGRAM TO Its pricey image is a thorny issue for the biggest name in natural and organic groceries, Whole Foods. So the Austin-based chain will begin to test its first-ever national rewards program at its ECREDITDAILYTRANSLATE THIS PAGE Latest: Consumers’ Credit Scores are Improving, Despite Taking on More Debt; 30-Year Mortgage Rate Averaged 3.9% in 2019; Here’s the

Outlook for 2020

IRS: I.D. THEFT, PHISHING & PREPARER FRAUD TOP ‘DIRTY Updated 04.24.2012: Refund schemes involving identity theft, phishing emails and prepare fraud top the Internal Revenue Service’s annual list of the “Dirty Dozen” tax scams. HOME PRICES SEE 10% YEAR-OVER-YEAR JUMP, INCLUDING If you include distressed sales, those involving foreclosures, bank-owned properties and short sales, then home prices made a robust 10 percent year-over-year jump in January, according to CoreLogic. APPLE PAY'S BIG BITE: ROOKIE MOBILE PAYMENTS PLATFORM The Investment Technology Group (ITG) found that Apple Pay already accounted for 1 percent of all mobile-payment dollars in the month of November, the first full month of Apple Pay’s existence. ONLY 24% OF ELIGIBLE GETTING MORTGAGE MODIFICATIONS The underperformance focus of the government’s primary mortgage-relief program has centered on how many payment reduction trials have been made permanent. CONSUMERS' CREDIT SCORES 'OVERLY PENALIZED' BY MEDICAL The Consumer Financial Protection Bureau (CFPB) released a research report Tuesday that found consumers’ credit scores may be negatively affected to an unfair degree for medical debt that goes into collections and shows up on their credit report. FORECLOSURE FILINGS BACK OVER 200K IN MAY, UP 9% Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 205,990 U.S. properties in May, a jump of 9 percent from April that marks the first increase since January, according to RealtyTrac. FANNIE, FREDDIE: SHARED DATA PROTOCOL TO HELP MANAGE RISK The regulator over mortgage financing giants Fannie Mae and Freddie Mac said the two entities will share a new data collection protocol on loan and appraisal information that will improve risk management. FLORIDA FOSTER PARENTS PAINT THEIR HOUSE AS AMERICAN FLAG A Bradenton, Fla. family had enough of code enforcement hassles and regulations and decided to protest in their own way. Tired of receiving citations, the family decided to PEOPLE ARE GOING INTO APPLE STORES TO BEND THE IPHONE 6 Source: Cramersshirt.weebly.com This could be one of the most bizarre pastimes borne out of social media hype: The intentional bending of the brand new iPhone 6 Plus at ECREDITDAILYTRANSLATE THIS PAGE Latest: Consumers’ Credit Scores are Improving, Despite Taking on More Debt; 30-Year Mortgage Rate Averaged 3.9% in 2019; Here’s the

Outlook for 2020

IRS: I.D. THEFT, PHISHING & PREPARER FRAUD TOP ‘DIRTY Updated 04.24.2012: Refund schemes involving identity theft, phishing emails and prepare fraud top the Internal Revenue Service’s annual list of the “Dirty Dozen” tax scams. HOME PRICES SEE 10% YEAR-OVER-YEAR JUMP, INCLUDING If you include distressed sales, those involving foreclosures, bank-owned properties and short sales, then home prices made a robust 10 percent year-over-year jump in January, according to CoreLogic. APPLE PAY'S BIG BITE: ROOKIE MOBILE PAYMENTS PLATFORM The Investment Technology Group (ITG) found that Apple Pay already accounted for 1 percent of all mobile-payment dollars in the month of November, the first full month of Apple Pay’s existence. ONLY 24% OF ELIGIBLE GETTING MORTGAGE MODIFICATIONS The underperformance focus of the government’s primary mortgage-relief program has centered on how many payment reduction trials have been made permanent. CONSUMERS' CREDIT SCORES 'OVERLY PENALIZED' BY MEDICAL The Consumer Financial Protection Bureau (CFPB) released a research report Tuesday that found consumers’ credit scores may be negatively affected to an unfair degree for medical debt that goes into collections and shows up on their credit report. FORECLOSURE FILINGS BACK OVER 200K IN MAY, UP 9% Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 205,990 U.S. properties in May, a jump of 9 percent from April that marks the first increase since January, according to RealtyTrac. FANNIE, FREDDIE: SHARED DATA PROTOCOL TO HELP MANAGE RISK The regulator over mortgage financing giants Fannie Mae and Freddie Mac said the two entities will share a new data collection protocol on loan and appraisal information that will improve risk management. FLORIDA FOSTER PARENTS PAINT THEIR HOUSE AS AMERICAN FLAG A Bradenton, Fla. family had enough of code enforcement hassles and regulations and decided to protest in their own way. Tired of receiving citations, the family decided to PEOPLE ARE GOING INTO APPLE STORES TO BEND THE IPHONE 6 Source: Cramersshirt.weebly.com This could be one of the most bizarre pastimes borne out of social media hype: The intentional bending of the brand new iPhone 6 Plus at CHEVROLET VOLT PRICED AT $41K; BUT LEASE AT $350/MONTH The Chevrolet Volt from General Motors – the first mass-produced electric vehicle from a U.S. carmaker – will sell for $41,000, but consumers will have a more attractive lease deal if they get too much of a jolt from the sticker price. FORECLOSURE FILINGS BACK OVER 200K IN MAY, UP 9% Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 205,990 U.S. properties in May, a jump of 9 percent from April that marks the first increase since January, according to RealtyTrac. DISCOVER CARD EASES RULES ON CASH REWARDS As Black Friday nears, Discover has made it easier for its customers to get their “Cashback Bonus” whenever they want at any amount. Many credit card providers are creating opportunities for consumers to earn “cash back” on purchases with fewer strings attached as the competition for shoppers’ dollars heats up before the holiday season

is in full swing.

BANK OF AMERICA’S NON-HAMP FORECLOSURE RESCUES AT 500,000 Bank of America today released a tally of its own, non-government foreclosure rescue efforts since January 2008: More than 500,000 loan customers have had their mortgages reduced. FHA DELINQUENT BORROWERS TO GET HELP VIA PRIVATE INVESTORS U.S. housing officials are expanding help to borrowers severely delinquent on loans insured by the Federal Housing Administration as part of a note sale program to private investors. AVERAGE 30-YEAR MORTGAGE RATE TO SURPASS 5% NEXT YEAR The 30-year fixed-rate mortgage reached a high of 4.66 percent in the third week of May and is sitting at 4.57 percent as of June 21, according to Freddie Mac. TOXIC MORTGAGES BEHIND GOLDMAN SACHS SETTLEMENT, OSCAR Just as a hit movie about Wall Street greed gets an Oscar nod for best picture, one of the biggest financial firms, Goldman Sachs, has announced that it has reached an agreement to resolve current and future claims by federal and state officials related to the securitization, underwriting and sale of residential mortgage-backed securities from 2005 to 2007. HAMP 3 YEARS LATER: 43% STAY WITH OBAMA'S MORTGAGE MODS Through March 2012, the Obama Administration’s primary foreclosure prevention campaign has 794,748 borrowers paying a median of $535 less in mortgage payments ­­- but that represents 43 percent of those who started modification trials over the past three years. NEWDAY FINANCIAL DECEIVED VETERANS WITH MORTGAGE ADS NewDay Financial deceived veterans and consumers about a veterans’ organization’s endorsement of its products, and took part in a scheme that paid kickbacks for customer referrals, the Consumer Financial Protection Bureau (CFPB) said Tuesday. ECREDITDAILYTRANSLATE THIS PAGE Latest: Consumers’ Credit Scores are Improving, Despite Taking on More Debt; 30-Year Mortgage Rate Averaged 3.9% in 2019; Here’s the

Outlook for 2020

IRS: I.D. THEFT, PHISHING & PREPARER FRAUD TOP ‘DIRTY Updated 04.24.2012: Refund schemes involving identity theft, phishing emails and prepare fraud top the Internal Revenue Service’s annual list of the “Dirty Dozen” tax scams. HOME PRICES SEE 10% YEAR-OVER-YEAR JUMP, INCLUDING If you include distressed sales, those involving foreclosures, bank-owned properties and short sales, then home prices made a robust 10 percent year-over-year jump in January, according to CoreLogic. APPLE PAY'S BIG BITE: ROOKIE MOBILE PAYMENTS PLATFORM The Investment Technology Group (ITG) found that Apple Pay already accounted for 1 percent of all mobile-payment dollars in the month of November, the first full month of Apple Pay’s existence. ONLY 24% OF ELIGIBLE GETTING MORTGAGE MODIFICATIONS The underperformance focus of the government’s primary mortgage-relief program has centered on how many payment reduction trials have been made permanent. CONSUMERS' CREDIT SCORES 'OVERLY PENALIZED' BY MEDICAL The Consumer Financial Protection Bureau (CFPB) released a research report Tuesday that found consumers’ credit scores may be negatively affected to an unfair degree for medical debt that goes into collections and shows up on their credit report. FORECLOSURE FILINGS BACK OVER 200K IN MAY, UP 9% Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 205,990 U.S. properties in May, a jump of 9 percent from April that marks the first increase since January, according to RealtyTrac. FANNIE, FREDDIE: SHARED DATA PROTOCOL TO HELP MANAGE RISK The regulator over mortgage financing giants Fannie Mae and Freddie Mac said the two entities will share a new data collection protocol on loan and appraisal information that will improve risk management. FLORIDA FOSTER PARENTS PAINT THEIR HOUSE AS AMERICAN FLAG A Bradenton, Fla. family had enough of code enforcement hassles and regulations and decided to protest in their own way. Tired of receiving citations, the family decided to PEOPLE ARE GOING INTO APPLE STORES TO BEND THE IPHONE 6 Source: Cramersshirt.weebly.com This could be one of the most bizarre pastimes borne out of social media hype: The intentional bending of the brand new iPhone 6 Plus at ECREDITDAILYTRANSLATE THIS PAGE Latest: Consumers’ Credit Scores are Improving, Despite Taking on More Debt; 30-Year Mortgage Rate Averaged 3.9% in 2019; Here’s the

Outlook for 2020

IRS: I.D. THEFT, PHISHING & PREPARER FRAUD TOP ‘DIRTY Updated 04.24.2012: Refund schemes involving identity theft, phishing emails and prepare fraud top the Internal Revenue Service’s annual list of the “Dirty Dozen” tax scams. HOME PRICES SEE 10% YEAR-OVER-YEAR JUMP, INCLUDING If you include distressed sales, those involving foreclosures, bank-owned properties and short sales, then home prices made a robust 10 percent year-over-year jump in January, according to CoreLogic. APPLE PAY'S BIG BITE: ROOKIE MOBILE PAYMENTS PLATFORM The Investment Technology Group (ITG) found that Apple Pay already accounted for 1 percent of all mobile-payment dollars in the month of November, the first full month of Apple Pay’s existence. ONLY 24% OF ELIGIBLE GETTING MORTGAGE MODIFICATIONS The underperformance focus of the government’s primary mortgage-relief program has centered on how many payment reduction trials have been made permanent. CONSUMERS' CREDIT SCORES 'OVERLY PENALIZED' BY MEDICAL The Consumer Financial Protection Bureau (CFPB) released a research report Tuesday that found consumers’ credit scores may be negatively affected to an unfair degree for medical debt that goes into collections and shows up on their credit report. FORECLOSURE FILINGS BACK OVER 200K IN MAY, UP 9% Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 205,990 U.S. properties in May, a jump of 9 percent from April that marks the first increase since January, according to RealtyTrac. FANNIE, FREDDIE: SHARED DATA PROTOCOL TO HELP MANAGE RISK The regulator over mortgage financing giants Fannie Mae and Freddie Mac said the two entities will share a new data collection protocol on loan and appraisal information that will improve risk management. FLORIDA FOSTER PARENTS PAINT THEIR HOUSE AS AMERICAN FLAG A Bradenton, Fla. family had enough of code enforcement hassles and regulations and decided to protest in their own way. Tired of receiving citations, the family decided to PEOPLE ARE GOING INTO APPLE STORES TO BEND THE IPHONE 6 Source: Cramersshirt.weebly.com This could be one of the most bizarre pastimes borne out of social media hype: The intentional bending of the brand new iPhone 6 Plus at CHEVROLET VOLT PRICED AT $41K; BUT LEASE AT $350/MONTH The Chevrolet Volt from General Motors – the first mass-produced electric vehicle from a U.S. carmaker – will sell for $41,000, but consumers will have a more attractive lease deal if they get too much of a jolt from the sticker price. FORECLOSURE FILINGS BACK OVER 200K IN MAY, UP 9% Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 205,990 U.S. properties in May, a jump of 9 percent from April that marks the first increase since January, according to RealtyTrac. DISCOVER CARD EASES RULES ON CASH REWARDS As Black Friday nears, Discover has made it easier for its customers to get their “Cashback Bonus” whenever they want at any amount. Many credit card providers are creating opportunities for consumers to earn “cash back” on purchases with fewer strings attached as the competition for shoppers’ dollars heats up before the holiday season

is in full swing.

BANK OF AMERICA’S NON-HAMP FORECLOSURE RESCUES AT 500,000 Bank of America today released a tally of its own, non-government foreclosure rescue efforts since January 2008: More than 500,000 loan customers have had their mortgages reduced. FHA DELINQUENT BORROWERS TO GET HELP VIA PRIVATE INVESTORS U.S. housing officials are expanding help to borrowers severely delinquent on loans insured by the Federal Housing Administration as part of a note sale program to private investors. AVERAGE 30-YEAR MORTGAGE RATE TO SURPASS 5% NEXT YEAR The 30-year fixed-rate mortgage reached a high of 4.66 percent in the third week of May and is sitting at 4.57 percent as of June 21, according to Freddie Mac. TOXIC MORTGAGES BEHIND GOLDMAN SACHS SETTLEMENT, OSCAR Just as a hit movie about Wall Street greed gets an Oscar nod for best picture, one of the biggest financial firms, Goldman Sachs, has announced that it has reached an agreement to resolve current and future claims by federal and state officials related to the securitization, underwriting and sale of residential mortgage-backed securities from 2005 to 2007. HAMP 3 YEARS LATER: 43% STAY WITH OBAMA'S MORTGAGE MODS Through March 2012, the Obama Administration’s primary foreclosure prevention campaign has 794,748 borrowers paying a median of $535 less in mortgage payments ­­- but that represents 43 percent of those who started modification trials over the past three years. NEWDAY FINANCIAL DECEIVED VETERANS WITH MORTGAGE ADS NewDay Financial deceived veterans and consumers about a veterans’ organization’s endorsement of its products, and took part in a scheme that paid kickbacks for customer referrals, the Consumer Financial Protection Bureau (CFPB) said Tuesday.

April 23, 2020

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