February 17, 2014

February 17, 2014

Q&A: What Is a Bankruptcy Mediator’s Role – Federal Judge Gerald Rosen, the chief mediator in Detroit’s bankruptcy case, has a big job: overseeing tense negotiations with diverse creditor groups working to boost their individual recoveries in the Motor City’s historic Chapter 9 case.

Freddie Mac: Mortgage rates edge higher; 30-year average is 4.28% – A five-week decline in fixed mortgage rates has ended, with Freddie Mac’s survey showing the 30-year home loan averaged 4.28% early this week, up from 4.23% a week ago.

What’s the best way to consolidate debt? – A personal loan is often what people have in mind when they talk about consolidating debt. The ideal solution here is a loan with a low interest rate and affordable monthly payment that you can use to pay off other high-rate debt. And this can be a great strategy, provided you can find the loan you need. That can be a challenge, though, if your credit isn’t great. High levels of debt—especially credit cards with balances approaching your credit limits—can make it difficult to qualify for new credit.

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MEDIATOR OF THE MONTH: Jeffrey Grayson
February 17, 2014