The nation’s fastest-growing union, the Service Employees International Union, calls the combination of the United States’ largest mortgage lender with largest bank when both institutions are facing mounting losses and potentially destabilizing risks bad for consumers, bad for business, and bad for America. (more…)

While 91 percent of homeowners deem equity in their primary home as an important financial asset, a nationwide survey released today reveals that many may overlook their home as a useful financial management tool — indicating a gap in Americans’ understanding of how to make the best use of a new or existing mortgage. For example, an older couple approaching retirement may think that paying off their mortgage makes the most financial sense. However, depending on their future plans and expected financial situation… (more…)