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Category: Main Street

National Consumer Protection unleashes new mortgage rules

The U.S. Consumer Financial Protection Bureau released new rules on mortgage lending that limits the debt-to-income ration for people taking on conforming mortgages to 43 percent of a household’s

Bridgewater hires Northern Trust for back-office services

A little more than a year since Westport-based Bridgewater Associates turned over some of its back-office functions to BNY Mellon, the world’s largest hedge fund is hiring Northern Trust’ to replicate

Great time to buy a mansion on credit

Those seeking jumbo loans for homes paid on average just 0.14 percent more than people with conforming loans last week, as the spread between the two types of mortgages continues to shrink. The

Attn: Walmart shoppers and competitors a credit union is now available

On Tuesday, Nutmeg State Federal Credit Union announced it is expanding and will open up branches in Walmart stores in Berlin and Cromwell in the coming months. Walmart continues to work to provide

2012 Holiday hiring highest in six years

This explains why the State’s unemployment assistance phone system has been overwhelmed during the last week. According to hiring consultant firm Challenger Gray and Christmas, retailers added728,300

Fiscal Cliff deal in sight

Senate leaders and the President claimed to have seen the shadow of a deal to prevent America from plunging off the fiscal cliff. But then everyone realized it just means we’ll have six more months of

Last Call!

Better think ahead if you want to chase your hangover with something from home on New Year’s Day, the package stores will all be closed. The Department of Consumer Protection send out a press release

Digging up kickbacks in Connecticut construction

Masons, landscapers, electricians and drywallers, will nod and say it’s part of the business here in Connecticut and it can’t be stopped – kickbacks. Exactly how big of a problem kickbacks are in the

Refinance rush as mortgage rates set a new low

The Mortgage Bankers Association said Wednesday mortgage rates set a record low in the nation, with a fixed-rate, 30-year mortgage averaging about 3.47 percent for the week ended Dec. 7. Mortgage

Push on for paycheck fairness

U.S Rep. Rosa DeLauro, D-3, is advocating Congress pass the Paycheck Fairness Act after an  American Association of University Women report ranked the states by the gender-based wage gap.  Connecticut