Friday's Personal Finance Stories
By MarketWatch
Don't miss these top stories: Is it time to leave your wallet at home in favor of mobile payment apps on your smartphone? Maybe not today, but soon—very soon, Charles Passy writes. The technology is coming, and it could save consumers and businesses money. At the moment, there are too many competing technologies and individual payment systems are still being refined.Also on MarketWatch today, Lew Sichelman answers reader questions about what to do when your mortgage servicer changes and even how to correct related errors on your credit report.— Anne Stanley , Managing Editor, Personal FinanceAre you ready for a mobile wallet?
Now that a group of prominent retailers has announced a plan to embrace mobile payments, consumers are once again facing the Big Question: Is it finally time to ditch that overstuffed wallet?
Are you ready for a mobile wallet? When your mortgage servicer changes
Mortgages are bought and sold numerous times on the secondary market, and there is nothing illegal about it. Perhaps not so well known, but just as legal, the authority to service mortgages also is traded back and forth among servicing companies, Lew Sichelman writes.
When your mortgage servicer changes ECONOMY AND POLITICS
Treasury move to entrench Fannie, Freddie
The Treasury Department's announcement that it is changing the terms of its four-year-old financial backing for Fannie Mae and Freddie Mac is a boon for mortgage originators, home builders and Treasury bonds as it delays reform of the two big firms, experts said Friday.
Treasury move to entrench Fannie, Freddie The improving picture in jobless claims
The four-week average of jobless claims is holding to the lower end of a recent range, while extended jobless benefits are falling off a cliff. See those and other charts of the week's economic data.
The improving picture in jobless claims Consumer sentiment rises in August
A gauge of consumer sentiment rose in early August on rosier views of current economic conditions, but remained relatively low, according to data released Friday by the University of Michigan-Thomson Reuters.
Consumer sentiment rises in August Leading indicators climb 0.4% in July
Slow growth in the U.S. economy looks set to continue, the Conference Board said Friday as it reported that its leading economic index grew 0.4% in July.
Leading indicators climb 0.4% in July INVESTING
Where to put money as you whistle past Wall Street
Fissures in the U.S. economy still exist five years after the initial cracks appeared. Here are some places to put your money when it's scary to invest.
Where to put money as you whistle past Wall Street Facebook flashes 'buy' signal
A key technical indicator is signaling a 'buy' for Facebook shares, writes Tomi Kilgore.
Facebook flashes 'buy' signal Reinventing the toilet can save water, lives
Reinventing the toilet could save millions of lives, lots of water, and be a profitable investment with real social impact, says Thomas Kostigen.
Reinventing the toilet can save water, lives What should I do with my money now?
At a time like this, where should you invest your money so you don't get crushed by the next crash, or miss out some good returns? Howard Gold has some answers.
What should I do with my money now?
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