Mortgage rates welcome improvement items!

Mortgage rates finally improved on Thursday after moving sideways or higher since last Thursday.  The drop in rates/costs was broad-based with less of the stratification between lenders noted yesterday. 

Banks have been aggressive in lending only to customers with good or better credit scores.

Consumer LendingBanks are stocking up on cash in a move that may soon put more credit cards, car loans, and consumer loans in the hands of consumers. The market for asset-backed securities is stronger than ever, suggesting that credit card rates may be headed lower, and rewards may be getting even juicier.

FTC prevent fraud with platinum credit card

Marketers behind the "Platinum Trust Card" and the "Express Platinum Card" can never sell credit cards or make cold calls again, according to the Federal Trade Commission.