Payments News from Glenbrook Partners
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Mortgage Payments

Welcome to the News View for "Mortgage Payments".

Here, on these archive pages, you'll find all of the articles on Payments News for Mortgage Payments listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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August 02, 2011

Consumer Reports Finds Hidden Costs in Mobile Payment Services

Consumer reports logo 140x60Consumer Reports is out with a new investigative report on the disparities in loss liability and consumer protections in various digital wallet and bill-to-mobile schemes.
A consumer's right to get their money back when something goes wrong—errors, goods not delivered as promised, fraud— varies by the payment option used. Again, the underlying method of payment tied to your mobile device will govern their rights in such instances. Cell phone and digital wallet payment services linked to a credit card offer consumers the most protection. However, there is a large disparity in protection for services that link to prepaid debit cards and direct billing to consumers' phone bill.

In Consumer Reports survey cited in the report, "one in four Americans said they had an unauthorized charge, billing error, non-credited payment, or other problem in the last year when paying for purchases or paying bills" with non-cash instruments.

March 30, 2011

February 23, 2011

May 25, 2007

IndyMac Joins American Express' New Mortgage Payments Program

American Express has announced that IndyMac Bank, the nation’s second largest independent mortgage lender, will be among the first to offer this Express Rewards Mortgage program to borrowers seeking eligible prime loans.


May 23, 2007

American Express Introduces Home Mortgage Payments via Cards

American Express has announced that its cardholders will be able to pay monthly home mortgage payments on its cards. Amex said that "American Home Mortgage Corp. will be the first lender to offer this Express Rewards Mortgage program for eligible prime loans." The program also provides Amex's Membership Rewards, cash back, airline or hotel points or other types of rewards affiliated with their card for the mortgage payments. Cardholders must pay a one-time fee of $395 to the lender for enrollment in the Express Rewards Mortgage program at the time of mortgage closing.

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