Mortgage Relief Program Causes Federal Agency Clash

Mortgages

Mortgage Relief Program Causes Federal Agency Clash

Mortgage Relief Program Causes Federal Agency Clash

The FHA asserts its program helps consumers avoid foreclosure by giving them incentive to remain in homes despite their loss of value. However, the FHFA says that the program, if expanded, could cost taxpayers billions, according to a report in the Washington Post. The point of contention between the two government agencies is that the… Read More

The Right Way to Use Credit for Your Wedding

Managing Debt

The Right Way to Use Credit for Your Wedding

The Right Way to Use Credit for Your Wedding

I’ve never looked more forward to using my credit card.  As my fiance and I plan our wedding – tentatively set for summer 2012 – we have a long list of expenses ahead of us from the venue rental to caterers, band, gown and tuxes. On the plus side, my American Express Blue Card rewards… Read More

MIT Wallets Make Credit Spending a Sensory Experience

Managing Debt

MIT Wallets Make Credit Spending a Sensory Experience

MIT Wallets Make Credit Spending a Sensory Experience

It’s easier to blow a lot of money with credit cards rather than it is using cold, physical cash. We know this intuitively. When we buy groceries or pay for dinner at a restaurant, for some reason it just feels like it costs more when we use a stack of dead presidents instead of a… Read More

Auto Loan Standards Loosening as Consumer Credit Improves

Auto Loans

Auto Loan Standards Loosening as Consumer Credit Improves

Auto Loan Standards Loosening as Consumer Credit Improves

The amount of auto loans being granted to consumers who are considered nonprime, subprime and even deep-subprime increased in the third quarter, according to the latest study by Experian. Consumers with credit scores between 620 and 679, considered just under prime, saw their percentage of all auto loans granted rise to 10.86 percent in the… Read More

Is the Savings Account As We Know It Dead?

Personal Finance

Is the Savings Account As We Know It Dead?

Is the Savings Account As We Know It Dead?

If you have a savings account, you’ve probably noticed that the interest rate it earns is abysmal. What may surprise you is that, someday soon, your savings account might not earn you any money at all. In fact, banks are even talking about charging people for the privilege of saving money. “It was unthinkable a… Read More

Financial News Roundup: Securing Credit More Costly for Risky Borrowers, Bank of America Re-Starts Foreclosure Process

Personal Finance

Financial News Roundup: Securing Credit More Costly for Risky Borrowers, Bank of America Re-Starts Foreclosure Process

Financial News Roundup: Securing Credit More Costly for Risky Borrowers, Bank of America Re-Starts Foreclosure Process

Top Financial News Headlines from Around the Web Today’s top news headlines feature the trials and tribulations of long-term unemployment and selling homes in a down market. Plus, find out why credit is becoming more expensive. Long-term unemployment affects ‘employability’ Americans who have been unemployed for months or years may face more difficulties securing employment… Read More

The FTC Shuts Down Lower-Your-Rate Robocallers

Managing Debt

The FTC Shuts Down Lower-Your-Rate Robocallers

The FTC Shuts Down Lower-Your-Rate Robocallers

Did you receive robocalls over the past couple of years from a company promising to lower your credit card interest rates? Hopefully you didn’t respond. If you did, you may have been one of the thousands of consumers who lost money to a couple of Florida-based telemarketing groups offering debt relief services they didn’t deliver…. Read More

Many Americans Struggle With Financial Issues

Managing Debt

Many Americans Struggle With Financial Issues

Many Americans Struggle With Financial Issues

While the economy is still improving slowly, many consumers across the country are still struggling with their money problems, and even those in the most financially capable states still have some problems. Despite improving economic conditions, over half of Americans still live paycheck-to-paycheck, according to a new poll on financial capability released by FINRA Investor… Read More

The True Cost of Giving Pets as Gifts

Personal Finance

The True Cost of Giving Pets as Gifts

The True Cost of Giving Pets as Gifts

There may not be anything cuter than a puppy, kitten, rabbit or even a guinea pig under the tree on Christmas morning.  With so many animals in need of good forever homes, you can adopt an animal from a shelter or rescue and do a good holiday deed, as well as give your child a new companion. I… Read More

The Hunters and the Gatherers of the Mortgage Industry

Mortgages

The Hunters and the Gatherers of the Mortgage Industry

The Hunters and the Gatherers of the Mortgage Industry

Mankind started forming into small social groups a million years before an agricultural society emerged. We didn’t grow crops or raise animals yet. We ate what we could find and the finding was done either by hunters or gatherers. In generally, the hunters – whether armed with a sharp stick, a spear, or bow and… Read More

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